Somnium Space is planning to release version 2.0 of their social VR platform to the general public right after their Initial Land Offering in early October of this year, according to a conversation I had with Artur Sychov, Somnium Space’s founder. (Backers of their successful IndieGogo crowdfunding campaign will be able to get an advance look at the platform.)
Somnium Space is one of the companies involved in the Virtual Reality Blockchain Alliance (along with JanusVR and High Fidelity), and they are planning to embrace blockchain technology in a big way. In a recent post on Medium, the company states:
At Somnium Space, we are fundamentally against pure gimmicks. That is why we have taken our time to thoroughly design and incorporate blockchain into our VR world from the ground up. We did not do any ICO’s, IPO’s or any other public offering based on shiny promises and so called “white papers”. Instead, we have invested our own money and hard work to firstly build a real and existing VR world, then we raised a very healthy seed round from VC’s [venture capitalists] to ensure stability of operations for our company and as a final step we are bringing this technology to you — Somnium players / citizens by having our Initial Land Offering. But that’s not it. We have also partnered with companies which are recognizable leaders in the blockchain industry to make sure, that our process of ILO (Initial Land Offering auction) is well designed, programmed and executed. It is time to give you the power to truly own part of Somnium land and start creating, monetizing and enjoying true VR metaverse without a fear of losing it all one day. You can finally plan for a very long-term future inside Somnium Space and build this incredible world of your dreams together with all of us.
So what is [an] ILO? [An] Initial Land Offering auction is a process which will take place within couple of months (precise dates will be revealed very soon, so stay tuned). During this public auction Somnium Space will auction off all available (tokenized on blockchain) parcels on the Somnium Space map. In total, there are 5000 parcels on Somnium Map, 500 of those are already taken by our early supporters and backers, but [the] rest, 4500, are available for anyone to own.