Somnium 3.0: Revolutionizing Virtual Commerce with Polygon-Powered Marketplace

Somnium Space’s long awaited Somnium 3.0 revolution is coming soon. This update will be groundbreaking and offer enhanced visual fidelity, weather innovations, enhanced VR Tablet, a new camera app to power VR videographers, scripting, wearables system, a decentralized marketplace, social features, and a whole lot more.

With Somnium 3.0, Somnium Space is furthering its commitment to fueling creators and their endeavors in the virtual realm. Especially the Marketplace will have a significant impact, providing creators a perfect platform to monetize their assets and consumers with seamless shopping experiences.

A few days ago Somnium Space published a preview video that reveals more details.

As part of the upcoming Somnium 3⃣.0⃣ new #VR platform & our brand new #decentralized Marketplace powered by @0xPolygon, a $CUBE utility token pool on @Uniswap v3 (#Polygon) has been initiated

Official Pool https://t.co/P7FGjirY1S
Economy Paper https://t.co/9CyKAGv8Wq pic.twitter.com/zNGJnZJttZ
— Somnium Space (@SomniumSpace) April 1, 2024

The Marketplace will be powered by Somnium Space’s CUBE utility token, which originally resided on the Ethereum blockchain but is now accessible on Polygon as well. Somnium Space states:

With the Polygon integration, users can expect faster, more affordable transactions while keeping the blockchain’s security and decentralization intact for your in-game Somnium assets (NFTs). A seamless, cost-effective experience awaits!

For those well-versed in blockchain technology, especially Ethereum and Polygon, the significance of this integration will be readily apparent. Ethereum transactions are known for their high fees and sluggish processing times, which can often be a major drawback.

If you’re unfamiliar with blockchain and cryptocurrency, and how Somnium Space leverages these technologies, one of its most significant advantages for the Somnium Space platform is the separation of the platform itself from the virtual assets created by both the company and users, such as land parcels and wearables. For a deeper understanding, you can explore Somnium Space, Blockchain, Metamask, Coinbase and OpenSea: How it all works.

Polygon

Polygon is an Ethereum scaling solution that offers users low transaction fees and fast transaction processing speeds. This is great news for Somnium users, as it will bring speed and affordability when it comes to transacting NFT assets.

Powered by $CUBE

So how do you pay for items in Marketplace? That’s where the CUBE token comes in. Somnium Space states:

$CUBE utility token unlocks vast utilities in our VR world: Seamless buying/selling of digital items (in VR or 2D), easy and fast minting of new items onto Polygon and more.

So how and where do you get CUBE tokens on Polygon? There will be some options:

You buy them on Ethereum and bridge them Polygon

Use the official bridge: https://portal.polygon.technology/bridge

On Polygon you swap your ETH (or rather WETH) to Cubes via Uniswap

The official pool: https://app.uniswap.org/explore/tokens/polygon/0x276c9cbaa4bdf57d7109a41e67bd09699536fa3d?chain=polygon)

Marketplace

The Marketplace will be brimming with functionalities and will serve as a focal point in the upcoming Somnium 3.0 ecosystem. With it, you can:

Mint your own wearable creations (Polygon for swift and cost-effective minting)

List your wearables for sale

Purchase items using Somnium’s $CUBE utility token

Organize your inventory of items (NFT assets)

Utilize the built-in royalties system, allowing creators to establish a perpetual income stream triggered each time their NFT assets change hands.

And much more…

Shopping in Somnium, a User’s Perspective

You might think ‘everything sounds great from a technical standpoint. However, how will this translate into (virtual) reality? Where and how can I acquire clothing and accessories to adorn my avatars? What about furniture to embellish my spectacular home within Somnium Space?’

Well picture this: You’re strolling along the virtual shores of Deep Oasis Lake within Somnium Space’s immersive VR landscape. As the sun dips below the distant mountains, casting a mesmerizing sunset, your eyes catch a quaint shop adorned with a vibrant neon sign above its entrance. Intrigued, you decide to step inside, and what greets you are rows upon rows of exquisite outfits and dazzling wearables, glistening with allure. After trying on a few outfits, you make your selection, swiftly complete the purchase, and exit the charming boutique.

Later, as you reflect on your VR excursion, you can’t help but wish you had also snagged those cool glasses that caught your eye. Determined not to miss out, later that day you revisit the same wearable collection using your PC and the Marketplace application, to make the desired purchase.

These seamless browsing and shopping experiences effortlessly transcend realities. Whether you prefer the convenience of 2D/Desktop or crave the immersive thrill of a Metaverse shopping spree within VR, the choice is entirely yours.

For creators, the opportunities to showcase their creations and establish storefronts within the expansive domain of Somnium Space will experience a meteoric rise. With the imminent launch of Somnium 3.0, the virtual realm of Somnium Space will become a hive of activity, bustling with adventurers, avid shoppers, and socialites alike. Somnium is poised to emerge as a vibrant hub in the ever-expanding Metaverse landscape.