This London-based tech firm has announced that Somnia will be distinguished by its high performance, providing solutions for blockchain scalability.
The system boasts an impressive capability of achieving 400,000 transactions per second (TPS), making it well-suited for applications that demand high loads and speed.
Initially, Somnia will focus on servicing gaming projects, social platforms, and decentralized finance (DeFi), offering a flexible foundation for virtual assets and decentralized applications.
Improbable specializes in creating distributed systems and virtual worlds.
The company gained widespread recognition for developing the Otherside metaverse for the Bored Ape Yacht Club, solidifying its position in the gaming and metaverse markets. After securing investment from SoftBank in 2017, Improbable achieved unicorn status and was valued at $3.4 billion at the end of 2022.
Currently, the company aims for profitable growth, with 2023 expected to be its first truly successful financial year. Somnia is part of Improbable’s strategy to extend its reach beyond the gaming sector, incorporating blockchain technology.
By leveraging its advanced ICEdb technology, Improbable claims that Somnia can handle over 400,000 transactions per second, facilitated by efficient data compression and high-speed read and write operations. The system is compatible with the Ethereum Virtual Machine (EVM), enabling developers to deploy blockchain applications on it without delays or scalability constraints.
The project is overseen by the Virtual Society Foundation—an independent organization established as part of Improbable's MSquared metaverse initiative. The Foundation is dedicated to developing a scalable and high-performance blockchain capable of supporting mass real-time applications.
At launch, Somnia’s blockchain is anticipated to find demand in the gaming, metaverse, and social interaction industries.
"By leveraging our expertise in game development and distributed systems, we have eliminated the scalability barriers that have previously hindered the advancement of blockchain technologies," stated Herman Narula, founder and CEO of Improbable. "Somnia will create new opportunities for digital assets and foster a fairer economy for developers and users."
Looking ahead, the platform plans to integrate with DeFi, which will broaden its applications beyond the gaming industry. Following the launch of the devnet, further testing will be conducted, allowing developers and users to explore the platform's scalability capabilities.
