SomniLife Metaverse — Own Your Dream World
Many of us already know what the metaverse is and what it will be in the coming years.
To reiterate Gartner Research’s predictions, “25% of People Will Spend At Least One Hour Per Day in the Metaverse by 2026” and “By 2026, 30% of the organisations in the world will have products and services ready for metaverse”.
While thinking about the future of metaverse, we commonly think about a virtual space where we will live through our avatars interacting with other people and creating digital items like NFTs.
The SomniLife Metaverse takes the general concept of metaverses and adds a social angle to it. Think of it as your Twitter handle, but thousand times more capable.
WHAT IS SomniLife
SomniLife is a Web3 based SocialFi Network and a modular 3D Metaverse for you to explore, live, socialize and build your economy.
SomniLife Metaverse seeks to bridge the gap between traditional social media platforms and social media as it would be on the Web 3.
Contrary to what unaware people might want you to believe, the metaverse is not a bubble. It is the future you and I are going to live in before long. Start your life in the SomniLife Metaverse now and stay ahead of the curve.
Why SomniLife?
SomniLife introduces the concept of SocialFi — a disruptive idea that will completely change the way we interact with other people over the internet. To put it one line, SomniLife is a metaverse ecosystem with emphasis on SocialFi, or decentralized social networks.
SomniLife is built on Web 3 and its decentralized system of operations. We’ll get to the metaverse part later, but first, you need to understand the difference between social networks on Web 2 vs Web 3.
Social networking sites on Web 2
Social networking platforms have changed our world, there’s no going around that. Less than a decade ago, it was impossible for the average person to hold a virtual video conference with 100 people. Today we can do it with a low-end smartphone or laptop.
But here’s the catch — you don’t really own your social media presence.
Let’s take Facebook for example — the most successful social media platform in Web 2. You create an account on Facebook to write posts and share pictures and videos. You may think that your data, the things you post and write, belong to you. The truth is that none of it is yours and all of it is Facebook’s.
When you post a picture on Facebook, you are asking the Facebook servers to store the picture for you and redistribute it. Your friend list is a list of people on the Facebook servers. If Facebook wishes, they can obliterate your profile any day at any time. Such cases are not unheard of.
By now you must be getting our point. You do not own anything in Web 2. Tech giants do it for you and make money from your data while not giving you ownership to you. Web 3 is here to change it and put power back to the people.
SomniLife Metaverse — social media on Web 3
SomniLife brings a different concept of social media where users own everything.
NFTs have made it possible for people to truly own their digital belongings. SomniLife’s SocialFi leverages NFTs and the native $SO token to give participants true ownership of their digital assets.
That means SomniLife servers don’t own your data or your digital creations. They are yours to use and operate. SocialFi lets you take charge of the social networking platform. SomniLife is a community of diverse people where everyone comes together to relax, enjoy, and create.
SomniLife is much more than just networking on Web 3.
Popular social media platforms like Facebook and Twitter offer limited functionalities. All you can do on these platforms are dependent on audio, video, and text. With the SomniLife Metaverse, we invite you to check out what a 3 dimensional, high-definition virtual world looks like.
It is a world where you can enjoy a game of chess with your friend living on another continent. You can sit on a sofa and have a long conversation with your childhood buddy who happened to change cities a long time back. You get to play a game of basketball with your friends, all through the 3rd generation of the internet.
SomniLife, unlike average social media platform, does not have a single-minded approach to connecting people. Instead, the ecosystem works to enable people to create a virtual world for themselves. Think of it as content creation but of a higher magnitude. Instead of plain audio, video, and textual content, you will be creating digital items that can range from digital art to a full-fledged virtual shopping center.
Making money in SomniLife Metaverse
The existing model of making money on social media is purely content based. You create content that generates profit if people find value in it. In SomniLife, you won’t be creating only content. You will be creating an entire economy with limitless potential.
For example, we will consider a designer. As a designer, you can leverage the tools and features of the SomniLife Metaverse to create digital labels, designs, shoes, shirts, cars, and the list goes on. The only limitation is your imagination.
For entrepreneurs, SomniLife presents a unique opportunity of creating a thriving business on the metaverse. Being a SocialFi platform, SomniLife also lets you interact with like-minded entrepreneurs. You can collaborate on projects in the metaverse or help each other out with NFTs and Somni tokens ($SO). The potential to make money on the SomniLife Metaverse is huge and will only grow further in the future.
How the SomniLife ecosystem works
The Somni token ($SO) runs the SomniLife ecosystem. We will get into the details of the token later. For now, let’s focus on how Somni tokens will run the SomniLife ecosystem.
SomniLife does not seek to replicate what other metaverse projects are already doing. Instead, it focuses on making the best use of Web 3 interoperability to bring people from different platforms together. That means you can use your NFTs and digital assets from other platforms in Somnilife Metaverse. Not just that, the digital assets you create in the SomniLife Metaverse are yours to carry forward to other metaverses.
At present, $SO tokens are ERC-20 compliant. That means you can use them across the Ethereum network. ERC-20 has grown to become the leading standard of digital tokens. However, SomniLife has extended operability to Binance Smart Chain and has plans to extend to other networks like Solana, Polygon, and Avalanche.
SomniLife aims to be a complete ecosystem for the metaverse. Interoperability among Web 3 networks makes it possible for the developers to achieve this dream. Soon it will be a thriving virtual world with everything from hospitals to shopping malls to schools. Unlike our present world, it would not be a world run by big business houses and governments. Members of the community will run this world, create new things in it, and earn true ownership of their digital assets while doing so.
The Somni token ($SO)
$SO is the main currency of the SomniLife Metaverse. With $SO tokens, you can mint new NFTs, trade in-game NFTs, or pay for goods and services on the metaverse. It is the official currency of the metaverse and can be both bought and earned.
If you mint an NFT that someone else on the metaverse likes, they can buy it from you in exchange for $SO tokens. You can sell anything from music to poetry to digital merchandise in the form of NFTs. You can create your own 3D NFT avatar. Moreover, you can customize this avatar with digital items you can get in exchange for NFTs or $SO tokens. To put it simply, the $SO token is to the SomniLife Metaverse what money is in our physical world.
Here is a few key information about the $SO token:
- You can use the $SO token to buy a wide range of things in the SomniLife Metaverse. This includes wearables for your 3D avatar, NFTs, land & property on the metaverse, and a lot more.
- Live-to-earn, socialize-to-earn, and build-to-earn are the three models through which you can earn $SO tokens. These are in-Metaverse rewards from SomniLife for incentivizing users to create more things on the metaverse. Apart from that, participants can get $SO tokens from Airdrops and Bounty Programs.
- $SO is also the governance token of the SomniLife Metaverse. That means $SO holders get to vote on important decisions regarding the future of the metaverse.
- The Somni Community will receive a percentage of business revenue converted to $SO. It aims to ensure the right compensation to participants for their time and effort.
- Premium subscribers will get to enjoy many features like early access to exclusive clubs, exclusive airdrops, and so on.
- The supply of the $SO token is capped at 100 billion. It is a multichain protocol that will run on ERC-20, BEP-20, and many more networks.
Final thoughts
As we head into the second decade of the 21st century, the world as we know it is going to change. Contrary to what people might want you to think, much of this change would be for good. With Web 3, we can expect a revolution in information technology. SomniLife invites you to get a head start and build your presence in the metaverse.
If you need one more reason to get into the SomniLife Metaverse, here it is: Get free $SO tokens by connecting your Twitter profile and your wallet to SomniLife. You can still earn free $SO tokens on BSC, and stay tuned to their socials to learn more about their upcoming airdrops.
