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Web3 has created a new era of decentralized finance, democratizing financial access. However, it has fallen short in generating mass consumer applications and remains largely centered around finance. We believe blockchain technology is a cornerstone for the future of new, open Internet applications.
Today, there are limits to what you can build on-chain. Many factors constrain this, from the cost of running applications to the fundamental performance limitations of existing blockchains. We believe that new technologies can unlock a new class of real-time applications that normally must be built on Web2 foundations. Enabling these systems to be built on-chain will allow the free movement of businesses and users between online platforms, creating what we call a true virtual society.
We are building Somnia, a fast and cost-effective EVM-based blockchain, to achieve this. Somnia is a layer-one blockchain with full EVM compatibility, capable of processing over 400,000 transactions per second with sub-second latency and low fees. This will unlock a new wave of on-chain applications. Initially, we are focusing on gaming, metaverse, and social experiences. But we are not even 100% certain of what can be built with the technology we are creating.
Somnia is being developed byVirtual Society Foundation, an independent organisation initiated byImprobable, a British start-up that has been at the forefront of building virtual worlds for over a decade. VSF received initial funding fromMSquared, which raised$150 million in funding from a16z crypto, SoftBank, Mirana Ventures, CMT Digital, and SIG.
As a Graphic Designer, your role is crucial in creating visually compelling content that enhances our project's brand and engages our online community. You will be responsible for designing social media posts, web pages, posters, and presentation slides/decks, ensuring that all visual content aligns with our brand’s identity and goals.