Somnium Space CUBEs

Somnium Space CUBEs

CUBE
$0.787221058%0.81

Key Metrics

Price$0.787221058
Real Volume (24H)$12,180.41
Marketcap$9,840,263.23
Fully Diluted Valuation$70,366,602
ATH$28.12
ATH Date11/3/2021, 4:28:54 PM
ATL$0.03639773
ATL Date3/13/2020, 5:24:45 AM
Circulating Supply15M
Total Supply40M
WebsiteN/A
WhitepaperN/A
Popularity Rank1319
Chart
What is Somnium Space CUBEs?

Somnium Space Cubes (CUBE) is a blockchain-powered Virtual Reality World that offers users an open, social, and immersive experience. With the ability to acquire land, create or import objects, use scripts and avatars, and monetize their experiences, Somnium Space aims to provide an alternative reality where users can engage in various activities, from e-commerce and communication to entertainment and even living. The platform envisions a new world that pushes the boundaries of virtual reality and offers unprecedented possibilities.

One of the key aspects highlighted in the whitepaper is the platform's commitment to staying at the forefront of technological advancements. As hardware continues to evolve, with more advanced and affordable headsets becoming available, Somnium Space seeks to leverage these advancements to enhance the user experience. Features such as finger and eye-tracking, haptic suits, and VR motion platforms enable users to fully immerse themselves in the virtual world from the comfort of their own homes.

In the crypto space, transaction fees on the Ethereum network can fluctuate significantly based on network activity. During times of high transaction volume, gas fees can be exorbitant, making transactions costly. To address this issue, Somnium Space embraces Layer 2 solutions, which enhance usability and security. With a simple button click, traders can send CUBEs and ETH to their ETH Polygon address, allowing them to utilize the same assets on a different platform. This streamlined process ensures usability and cost-efficiency for users. In fact, Somnium Space enables traders to make thousands of transactions without incurring any additional costs, providing a seamless experience within the platform.

CUBE serves as the in-game currency within Somnium Space and is built on the Ethereum blockchain using the ERC20 standard. These tokens play a vital role in the platform's blockchain-based economy, facilitating easy transfers between players. Within Somnium Space, CUBE tokens hold significant value, granting access to amusement parks, arcades, race cars, teleporters, and more. Artists can exchange tickets for CUBEs, allowing visitors to attend concerts or explore user-generated museums. Furthermore, producers can create and develop interactive arcade games that accept CUBE tokens from traders, further expanding the utility and value of the currency.

The visionary behind Somnium Space Cubes is Artur Sychov, who serves as the founder and chief executive officer of the platform. Together with a talented team, including Tatsiana Sychov as the chief financial officer, Fernando Gonzalez as the lead UI designer, and Sasha LeBaron as the community manager, the founding team has worked tirelessly to bring the vision of Somnium Space Cubes to life. Their collective expertise and passion for virtual reality have driven the platform's development and growth.

In summary, Somnium Space Cubes (CUBE) offers users an immersive and social Virtual Reality World powered by blockchain technology. With its focus on providing unique experiences, embracing technological advancements, and creating a thriving in-game economy, Somnium Space strives to redefine the possibilities of virtual reality. Through the leadership of Artur Sychov and a dedicated team, the platform continues to push the boundaries of what is achievable in the virtual realm, opening up exciting opportunities for users to explore and engage with an entirely new reality.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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