Yuga Labs Partners With Somnia to Increase Metaverse Interoperability and Incentives
May 03 2024 - 9:00AM
Somnia, a high performance L1 blockchain and set of omni-chain
protocols designed to scale the metaverse, partners with Yuga Labs,
the creators of iconic Web3 projects like Bored Ape Yacht Club
(BAYC) and the Otherside.
Somnia’s blockchain is optimized for gaming and the
metaverse, with the potential to handle hundreds of millions of
transactions per second, and its omni-chain protocols are designed
to connect the metaverse, NFTs, and gaming ecosystems.
Yuga Labs is a media company best known as the creator of
the Bored Ape Yacht Club NFTs and the owner of CryptoPunks.
Yuga Labs was founded in 2021, when the Bored Ape Yacht Club was
launched. Across all of its collections, Yuga Labs has generated
roughly $19 billion in volume, accounting for a large portion of
the NFT market.
With this partnership, The Somnia Protocol will unlock a new
world of possibilities in Yuga Labs' Otherside, bringing
interoperability and new utility to their collections. Holders of
Yuga collections will be able to join metaversal events with their
avatars, show off their NFT collections and earn bonus points in
Somnia quests.
Holders of select Yuga Labs NFTs will also get a bonus on points
earned in Somnia’s upcoming Metaverse Browser quests, with other
features and benefits to be announced.
The Metaverse Browser is designed to be a consumer front end to
the metaverse. It will serve as a decentralized Steam or Epic Game
Store. It lets users interact with metaverses and apps on the
Somnia’s Ecosystem, without needing to know anything about web3.
It’s designed to be open to allow anyone to deploy apps and content
with it.
"Our collaboration with Yuga Labs is all about enhancing the NFT
ecosystem, offering their holders not just utility, but a gateway
to immersive, interactive experiences that push the boundaries of
what NFTs can do” Somnia founder Paul Thomas said.
Yuga holders will be able to use their avatar in any world or
experience that is built on Somnia. Their identities and digital
assets will also be compatible across a wide range of experiences.
They’ll be able to attend massive events, like the Twice listening
party and MLB Virtual Ballpark that were hosted
by MSquared.
About Somnia:Somnia is creating a virtual society with an
L1 blockchain and a set of omnichain protocols designed to bring
millions of users into an open and unified metaverse, allowing
users to move seamlessly across experiences. Somnia opens up
endless possibilities for builders to create content that is
portable and remixable content by upgrading existing NFTs.
For more information, please visit Somnia.Network
Michelle Kang
Marketing Manager
Virtual Society Foundation
pr-at-virtualsociety.foundation