Somnia: A Perfect Fit for Korean Web3
Somnia Network is a cost-effective EVM-compatible Layer 1 blockchain with the fastest speed, boasting an average block generation time of 0.1 seconds and transaction fees of less than $0.01.
What kind of synergy can we achieve when these advantages are introduced to the Web3 community in South Korea?
Somnia can establish itself as an infrastructure project for applications operating in real-time in the entertainment, social, AI, and finance sectors within the South Korean Web3 community.
Among these, it particularly operates in the entertainment sector for large-scale on-chain events, serving as a core infrastructure for fan meetings and on-chain games.
Considering Somnia's advantages in high-performance network TPS, latency, and costs, it seems that the use of Somnia in the future of Web3 will be essential.
🔥What kind of project is Somnia, an L1 that is gaining attention these days?
Somnia is a high-performance, low-cost EVM-compatible Layer 1 blockchain that can process over 1 million transactions per second (TPS) and provides confirmation times of less than 1 second.
It serves as a core infrastructure for real-time and persistent on-chain applications across various fields such as gaming, social, AI, and finance, designed to reliably support large-scale services used by millions of users simultaneously.
Key Metrics
• Raised over $270M in total investments from Improbable, M², Somnia Foundation, and others.
• Over 4.2M accounts and 18.3M smart contracts created on the testnet.
Additionally, a $10M developer grant program is also in operation, actively supporting builders in various fields such as gaming, social platforms, and the metaverse.
I believe it is a project worth keeping an eye on, as it is also onboarded with Kaito.
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