Somnium Space CUBEs: A New Virtual Reality World

tl;drSomnium Space CUBEs is a virtual reality world for the Decentralised Generation. CUBE is an ERC-20 token native to the Somnium Space ecosystem, an application produced on the Ethereum blockchain that allows you to make, experience, and trade NFT assets. Using CUBE, you can buy virtual assets and pay for goods and services (i.e., rent land, pay for games and events) in the Metaverse. On Jan 23, 2022, CUBE's price was 18744% above its All-Time Low and 75% lower than its All-Time-High. Nevertheless, only 13% of these coins are circulating in the market and kept by the community.
Somnium Space CUBEs: A New Virtual Reality World
Somnium Space CUBEs: A New Virtual Reality World
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Somnium Space CUBEs Overview

Somnium Space CUBEs, built on the Ethereum blockchain, is a group of virtual reality (VR) worlds. An open-source platform, Somnium Space allows users to buy lands, digital buildings, houses, and a myriad of valuable in-game assets from its online multiverse. Somnium Space's dynamics enable players to make, script, and monetise environments while exploring other participants' creations.

What Somnium Space CUBEs add to Traditional VR Games

Unlike traditional multiplayer VR games, where users are divided into sub servers and mirrored-instanced rooms, Somnium Space hosts all players in one vast world. Within that broader VR universe, users can create Somnium Space environments that are fully programmable, customisable, and independent VR experiences. Further, non-fungible tokens (NFTs) and assets within the Somnium Space are compatible with VR Metaverse and platforms throughout the broader blockchain ecosystem.

Somnium Space Unique Offerings

Thus far, the Somnium Space offering is broken down into four elements:

  • A software development kit (SDK) allows for the creation and customisation of avatars and property
  • Virtual reality experiences
  • A builder module for creating environments and structures
  • An NFT marketplace for trading land and NFT-based assets

Also, Somnium Space has a deeply incorporated NFT technology, allowing players to bring NFTs into the Somnium Space universe around the decentralised ecosystem.

Somnium Space CUBEs Key Features

While a user can go swimming, visit a museum, or dine at a restaurant built by another player in Somnium Space's Metaverse, the extent to which Somnium Space users can create unique experiences, worlds, and assets is unlimited. Here are some of its hot features:

  • a blockchain VR Metaverse
  • property security
  • authenticity of origin
  • tradable through decentralised markets
  • variety of creative tools: SDK, Builder, etc.
  • cross-platform VR client
  • Somnium Space doesn't gather personal passwords, private keys, or sensitive information about your blockchain wallet.

Unique Ways to Profit from Somnium Space

The CUBEs are valuable additions to the blockchain-based economy and streamline transfers between players. Imagine a virtual reality game where customers play and buy tokens. CUBE tokens will be helpful when entering arcades and amusement parks or using race cars and teleporters. 

Artists can sell tickets for CUBEs and allow visitors to enter user-generated museums or attend concerts. Producers will build and develop interactive arcade games to accept CUBE tokens from customers. Somnium CUBEs (CUBE) are in-game currency and not meant to be used as a tool or financial instrument for speculation or investment.


Somnium Space CUBEs Token

Somnium Space CUBEs (CUBE) is an ERC-20 token that is the Somnium Space platform's native utility token. The CUBE cryptocurrency streamlines in-game transactions between players. With an Ethereum wallet, players can hold ETH, CUBE, and NFTs (ERC-721 tokens), and CUBE is a bridge between these assets to facilitate in-game e-commerce transactions. Because of the expansion in Somnium Metaverse, the CUBE token will develop in-world utility and let players exist more deeply within the VR metaverses.


The Directors of Somnium Space CUBEs

Artur Sychov, Founder and CEO of Somnium Space, confirmed to VRFocus that it's partnering with VRgineers, the corporate behind the XTAL enterprise headset, on the project. Specifications are being finalised now, with the complete specs, price, and release info arriving as a part of Somnium Connect, its first physical and VR event in December 2021.

The collaboration with VRgineers comes as no surprise considering Sominum Space also announced a strategic investment within the hardware maker. Details of the investment amount haven't been released.


Somnium Spaces In-Game Tools

Somnium Spaces is comprised of various in-game tools, namely tickets, vehicles, teleportation HUBs, and treasure hunts that we will elaborate on the following.

Tickets

Tickets are created as NFTs, and only the NFT holders can access a selected land parcel. Everyone who doesn't own the NFT ticket cannot see and listen to anything on the package, while others enjoy a pleasant concert or crypto art auction.

Vehicles

Cars and other vehicles are NFTs and already activated to be used, owned, and operated by their owners only. If avatars can walk at four mph, cars travel at 25 mph, and teleportation happens instantly. A specific cost can be applied to every service-supported convenience and travel speed. Imagine some idle car NFTs sitting in Somnium not getting used, where you'll click to use the car for X amount of your time for X amount of CUBE tokens.

Teleportation HUBs

Teleportation HUBs are NFTs owned by users who can position them on their public or private land parcels. Public teleporters charge CUBE for every use or a monthly charge. The fees are pooled together and allocated monthly to the 50 owners with the principal activity and kinds of the teleporter. The more valuable teleporter is named the Indiegogo Founder because it had been sold during the Indiegogo campaign. These teleporters receive a 200% revenue boost, while ILO teleporters receive a 50% revenue boost.

Treasure Hunts 

Treasure hunts are often mystery games or labyrinths that guide avatars to QR codes of CUBE or ETH. Treasure hunts will accept the token reward once the avatar finds the QR code. Your avatar can even attend the event to personally hand the reward to the winner of a selected game.


CUBE’s Financial Analysis

At the time of writing this post on Jan 23, 2022, Somnium Space CUBEs trading volume has been $26K, meaning this amount of CUBE has been traded and circulated. CUBE's Return On Investment (ROI) has been 1,552% over the last year.

CUBE's Market Cap and Price

CUBE skyrocketed in its market cap rank between Nov 3 to 25, 2021, and jumped from #255 to #275. However, CUBE's Market Cap rank and coin price have started a recent downward trend, with coin ranking #486 when writing this article on Jan 17, 2022. Interestingly though, CUBE's price is 18744% above its All-Time Low and 75% lower than All-Time-High.

CUBE's Popularity

Popularity can potentially impact the impact influence of a cryptocurrency project. Data displayed on Cryptologi.st shows that CUBE's popularity on Twitter grew by 141% over the last six months, increasing to 17k followers as of writing this post on Jan 17, 2022. 


The Best Exchange Platform and Similar Coins

Some of the top exchanges for trading Somnium Cube (CUBE) currently on centralised exchanges (CEX) include Gemini, Bitget, and CoinEx.

Similar projects to Somnium Cube (CUBE) are Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA), which are all Internet of Metaverse, and Non-Fungible Token (NFT) projects.

Is Somnium Space CUBEs the Best Crypto Investment Option?

As we saw, CUBE has huge potential, with certain collaborations and innovations increasing the number of users and adoption. Keeping a watch on the most recent CUBE news is essential for successful investing. You will also get to grasp the crypto you would like to speculate in, and you may get more insight into why the value went up or down. Samples of such websites are Github or Reddit. At Cryptologi.st, we offer all the announcements and demanding metrics you'd require before deciding to take action. You will discover up-to-date, reliable information about the cryptocurrency market on our website.

To see our reports and quickly compare the available investment options, check out our website.

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