Transforming the Somnium Economy: $CUBE Updates, Native Marketplace, Karma System & more! Pt.1
The Somnium Space metaverse has always been about pushing boundaries — offering creators and users a fully immersive, decentralized world where imagination meets cutting-edge technology. As we about to step into 2025, we are thrilled to announce the most significant upgrades to our economy yet. These enhancements reflect our unwavering commitment to empowering our community, fostering innovation, and building the foundations for a vibrant, sustainable metaverse economy.
This year marks the beginning of an exciting journey as we introduce revamped $CUBE tokenomics, the groundbreaking Native Marketplace, and the highly anticipated Karma & Social System — laying the foundation for transformative changes that will continue to evolve and expand throughout 2025. Let’s dive into the details of what’s starting now and what lies ahead.
🌍 Reflecting on Our Achievements: A Thriving Digital Economy
Before we talk about the future, let’s celebrate how far we’ve come together. The Somnium Space community has built a dynamic and thriving economy, demonstrating the incredible potential of blockchain technology in a virtual environment.
Here are some key milestones:
- Total Digital Economy Turnover: Over $50 million USD in-game digital goods and services traded within our metaverse.
- NFT Ownership: More than 4,500 users now own NFT items in Somnium, from land parcels to wearable items, avatars, cars and more.
- Land Ownership: 60% of all land parcels (5000) are owned by active builders who are creating unique, immersive experiences for the community.
- Somnium VR client has been downloaded more than 350,000 unique times
These numbers aren’t just statistics — they represent the heart of our ecosystem: you, the community. From NFT creators to landowners and players, every individual contributes to the vibrant tapestry of Somnium Space.
🔄 $CUBE Tokenomics Update: Strengthening Decentralization
$CUBE utility token has been the backbone of Somnium Space’s in-game economy since its inception, and we’re making it even stronger for 2025. These updates are designed to ensure long-term sustainability and decentralization, reinforcing the trust that $CUBE brings to our ecosystem.
Key Updates to $CUBE:
- Max Supply Fixed: The total supply of $CUBE is now permanently capped at 40,054,278 tokens instead of originally planned 100,000,000.
- Contract Ownership Renounced: To guarantee that no additional tokens can ever be minted, we have renounced ownership of the $CUBE smart contract. This step reflects our unwavering commitment to decentralization.
- Sustainable Storage & Allocation:
- A portion of the existing reserves is securely stored with trusted partners like Gemini.
- Reserves are earmarked to support Karma rewards and other platform incentives, ensuring that players and creators are consistently rewarded for their contributions.
ℹ️Renouncing the $CUBE contract is a pivotal step in advancing decentralization within the Somnium Space economy. By relinquishing control over the smart contract, we ensure that no additional tokens can ever be minted, creating a fixed supply that promotes scarcity and long-term stability. This move is a direct response to the evolving needs of our VR world and in-game economy, where trust, transparency, and predictability are paramount. In a rapidly changing Metaverse landscape, decentralization empowers our community, aligning with the core principles of blockchain technology and allowing the economy to adapt organically to user demand and innovation without centralized control.
Why These Changes Matter:
Fixation of the supply of $CUBE and removing control of the smart contract solidifies the token’s place as a decentralized utility within the ecosystem. This ensures that all economic activities — from buying digital items in the marketplace to paying creators for services — are powered by a robust, transparent in-world utility token.
🛒 The Native Somnium Marketplace: A Revolution in Virtual Reality Commerce
Imagine a marketplace where creators can sell their NFTs directly in VR, where transactions are seamless, and ownership is absolute. This isn’t a dream — it’s the reality of our Native Marketplace, launching NOW.
What Sets It Apart:
Seamless Blockchain Integration:
- The Native Marketplace is the world’s first blockchain-enabled VR marketplace that allows users to mint, trade, and purchase NFTs directly within the virtual environment.
- Transactions are quick, transparent, and require no intermediaries powered by Polygon.
- Low transaction fees — ranging from 5% — 10% of the item cost.
Empowering Creators
- Artists, builders, and entrepreneurs can mint their creations as NFTs and list them in the marketplace with ease.
- Whether it’s land, avatars, wearables, or digital art, creators retain full control of their assets, with blockchain technology ensuring ownership and security.
Unmatched User Experience
- The marketplace integrates directly into the Somnium Space VR client, eliminating the need for external platforms.
- For creators, this means simplified workflows. For buyers, it means an intuitive, immersive VR shopping experience.
Why It’s Revolutionary:
Traditional NFT marketplaces exist outside the VR experience, creating friction for users and creators. By integrating the marketplace directly into Somnium Space, we’re bridging the gap between commerce and creativity, making it easier than ever for our community to participate in the digital economy. But do not worry, since Somnium Eonomy is decentralized you can still opt to trade all your digital items on any other decentralized Marketplaces such as OpenSea.
🎭 Introducing the Karma & Social System: Rewards for Engagement
In Somnium Space, your contributions don’t go unnoticed. The new Karma System is designed to recognize and reward users who actively engage with and enhance the ecosystem.
What is the Karma System?
The Karma System introduces a social and economic score that tracks your positive impact on the Somnium community. By participating in events, creating content, or simply being a helpful and friendly member, you can earn Karma Points.
How It Works
Earning Points:
- Event Participation: Host or attend events to boost your score.
- Economic Contributions: Engage in transactions, create NFTs, or trade assets.
- Community Feedback: Receive positive ratings from other users.
Rewards:
- Achieve milestones to unlock $CUBE rewards.
- Access exclusive in-game perks such as:
- Free teleportation via TP hubs.
- Additional land space for your creations.
- Advanced customization options for your avatar.
Why This System Matters:
The Karma System encourages meaningful engagement, fostering a community where collaboration and creativity thrive. It’s not just about economic activity — it’s about building relationships and creating value for everyone in the ecosystem.
🛠️ Empowering Creators with the Unity SDK & C#
Creators are the lifeblood of the Somnium economy, and our Unity SDK with C# scripting gives them the tools to turn their visions into reality.
Features of the SDK:
- World Building: Create interactive, immersive environments.
- Dynamic Events: Host concerts, games, or art exhibits that players can pay to experience.
- Monetization Tools: Accept $CUBE payments directly through in-world systems.
Why It’s Game-Changing:
The SDK puts unprecedented power in the hands of creators, allowing them to monetize their work in ways that were previously impossible. Whether you’re a game developer, an artist, or an entrepreneur, the possibilities are endless.
ℹ️For more in-depth technical details please check our official Documentation Portal
🕶️ The Somnium VR1 Headset: Built for Immersion
In 2024, we’ve proudly to launched the Somnium VR1 PCVR Headset, manufactured in Europe. This isn’t just a headset — it’s your gateway to the Metaverse.
Key Features:
- Designed for seamless compatibility with whole PCVR eco-system.
- High-performance open-source hardware for an immersive VR experience.
- Built with European craftsmanship, ensuring quality and durability.
Why It Matters:
The VR1 headset enhances accessibility and immersion, making it easier than ever for users to explore and engage with the metaverse. It makes Somnium Space as a company more robust connecting both virtual and physical products.
🌟 The Future of Somnium Space — What’s Next?
2024 is just the beginning. With these upgrades, we’re building a Metaverse economy that is sustainable, innovative, and inclusive. Together, we’ll continue to push the boundaries of what’s possible in VR, creating a space where everyone can thrive.
This is just Part 1 of the exciting changes coming to Somnium Space. As we look ahead to 2025, we’re preparing to roll out even more innovations, including new initiatives to attract builders, regular VR events that bring the community together, and thrilling contests with amazing hardware and other prizes to reward creativity and engagement.
In Part 2 of this blog series, we’ll take a closer look at the details of the Karma System rewards, new updated Tokenomics, and how these updates will empower our community. Stay tuned as we explore how these systems will shape the next phase of our Metaverse economy.
At Somnium Space, we view the virtual world economy as a living, breathing system. It evolves with the needs of our growing community, and we remain committed to making thoughtful changes to ensure its sustainability and growth. The future is bright, and this is only the beginning. Let’s build it together!
Explore. Create. Own. Welcome to Somnium Space!
Follow us on:
Authencity: https://authencity.io/user/SomniumSpace
Twitter(X) : https://twitter.com/SomniumSpace
Discord: https://discord.gg/somniumspace
Twitch: https://www.twitch.tv/somniumspace
Instagram: https://www.instagram.com/somniumspace/
