This is how metaverse can become a $5 trillion business by 2030

Since coming to prominence in 2021, metaverse has become a key component of introducing Web3 and crypto to the masses.

As the metaverse continues to evolve, the necessity for a framework that supports seamless interconnectivity and empowers creators becomes increasingly evident, suggesting a pivotal area for innovation and collaboration in the digital frontier.is a layer 1 blockchain and a suite of omnichain protocols designed to create a scalable virtual society that can potentially attract millions of users into a unified metaverse.

Unlike decentralized finance-focused blockchains, which are slow and expensive, Somnia is built from scratch to provide a unified metaverse experience. This results in anDeveloped by the Virtual Society Foundation , a nonprofit organization initiated by Improbable and received initial funding from MSquared to operate as the “metaverse computer,” Somnia utilizes Improbable and Msquared’s experience to host the next wave of users in the metaverse.

Somnia helps users recompose or remix content and build on previous creations to make metaverse accessible to a broader audience. The project’s approach makes hefty projects like organizing a new metaverse event more affordable by enabling the reuse of components from previous events, such as stages, light shows or firework displays. The original creators of the used components can earn royalties through microtransactions, rewarding all stakeholders in true Web3 fashion.

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