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Somnia builds a decentralized metaverse stack that includes a high-performance Layer 1 blockchain, an interoperable content protocol, and a consumer metaverse browser. Its technology enables on-chain, composable people, places, and things so digital experiences and assets can freely interoperate across the metaverse. Transactions and interactions within the ecosystem run on the blockchain, with content and assets designed to work together across apps and environments via interoperable standards. The project emphasizes decentralization and community-driven development to avoid single‑entity control and to ensure value flows to participants, creators, and users. The goal is to empower creators and participants in the metaverse by providing open, interoperable infrastructure and a user-facing browser to explore and monetize digital content and experiences.
Industries
Data & Analytics
VR & AR
Consumer Software
Crypto & Web3
Company Size
51-200
Company Stage
Early VC
Total Funding
$15M
Headquarters
Brisbane, Australia
Founded
2024
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Total Funding
$15M
Above
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Funded Over
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Remote Work Options
Somnia taps LI.FI to supercharge crosschain liquidity for its agentic L1. * Guido Battigelli * Published: May 25, 2026 * 2:29 pm * Updated: May 25, 2026 * 2:29 pm Table of Contents Somnia announced its integration with LI.FI, incorporating cross-chain swap and bridging infrastructure directly into its ecosystem through one of the most established interoperability layers in the crypto industry. LI.FI operates across more than 60 chains and has processed over $80 billion in transfer volume across more than 100 million transactions, making this integration a significant endorsement for the Somnia ecosystem Through LI.FI's APIs and SDKs, developers building on Somnia will be able to access cross-chain liquidity routing, DeFi vault strategies across multiple networks, orchestration of complex flows in single transactions, and native onboarding of users and assets directly from their applications. The integration is critical for the type of projects already operating on the network: AI-powered prediction markets such as Prophecy Social and fully onchain trading infrastructure like dreamDEX. These applications require seamless movement of liquidity and users across ecosystems in order to function in a reactive and interconnected way. Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions. Technology TL;DR: Injective launched the Nova program alongside Microsoft and Web3Labs to identify and accelerate AI and Web3 developers. The three winning teams will each receive CryptoNews TL;DR: CZ urged developers to review and rotate API keys after unauthorized access to GitHub's internal repositories was confirmed. The attacker was UNC6780, identified by CryptoNews TL;DR: Peckshield recorded 8 exploits on cross-chain bridges during May 2026; cumulative losses across all protocols amount to approximately $328.6 million. April 2026 was the flash news Hedera launched version 4 of its Agent Kit with two central focuses: modularity and control. The update restructures the kit into a family of independent packages under the flash news The development ecosystem of Algorand is advancing toward its next generation of tools. Gabriel Kuettel and Camilo Molano announced the beta launch of AlgoKit Utils for TypeScript and TL;DR: Tether launched a grants program to fund developers building on its open-source technology stack, with no cap on total payouts. Individual payments range from Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews
Somnia unveils Data Streams to power real-time blockchain applications. Somnia, the high-performance Layer 1 blockchain built for high-throughput applications, has announced the upcoming rollout of Somnia Data Streams, a new infrastructure layer that fundamentally changes how developers handle real-time data on blockchain networks. Traditional blockchain RPCs were designed for Ethereum's scale and lack critical features that developers building real-time applications have come to expect. Standard approaches require external indexers to constantly poll the blockchain for every data call and update, creating significant technical overhead and cost. Somnia Data Streams solves this by introducing subscription-based RPCs built specifically for high-performance reading and writing on Somnia's network, which processes over 1 million transactions per second with sub-second finality. Instead of paying indexers to repeatedly query the blockchain, applications can subscribe to the specific information they need and receive automatic updates whenever state changes occur. This low-latency subscription model eliminates redundant transactions, reduces operational costs, and enables real-time responsiveness that wasn't previously possible on blockchain infrastructure. The result is a development experience that feels more like working with modern databases such as Firebase, while maintaining all the security and verifiability benefits of blockchain. Prediction markets have experienced explosive growth recently, with platforms processing billions in volume and proving massive demand for onchain speculation beyond token trading. Despite this growth, the underlying technology remains surprisingly primitive. Most prediction markets today rely heavily on off-chain infrastructure, with oracles fetching outcomes from external sources and settlement happening manually or through centralized third parties. This limitation restricts the types of markets that platforms can offer. Complex, specific wagers are difficult to support because there's no efficient way to verify outcomes and settle instantly. When disputes arise, the platform must intervene and make decisions, turning it into a middleman that users must trust. Somnia Data Streams enables a different approach by allowing applications to subscribe to structured event streams. This capability enables far more sophisticated markets. Instead of simple binary outcomes, users can wager on granular in-game events such as which player scores the next goal, which driver completes the fastest lap, or specific performance metrics over defined time periods. For racing applications, betting markets can tap directly into live timing data to track performance in real time. When the race concludes, payouts execute automatically based on verified results. For team sports, live possession statistics can shift betting odds instantly based on which team controls the ball. As games unfold, participants see odds adjust in real time to reflect actual events on the field. This model scales to any domain where structured event data exists onchain, including esports matches, financial instrument movements, governance proposal outcomes, and AI model performance metrics. If the data streams through Somnia, a prediction market can be built around it. The implications of real-time prediction markets on Somnia extend well beyond sports betting and gaming. One compelling application is insurance, where payouts can be triggered automatically based on verifiable events rather than lengthy claims processes. Traditional insurance involves significant delays and costs. When a flight is delayed, a crop fails due to drought, or a natural disaster strikes, policyholders must file claims, insurers investigate, and settlements can take weeks or months. Administrative overhead drives up costs, and disputes over coverage terms create friction when people need support most. Somnia Data Streams enables insurance contracts to subscribe to event streams that track flight departures, weather data, seismic activity, or any other measurable condition. When predefined thresholds are met, payouts execute automatically. A flight delayed by more than three hours triggers immediate compensation. Rainfall below a certain level activates crop insurance. An earthquake above a specified magnitude releases disaster relief funds. This approach removes the need for claims adjusters, reduces processing costs, and eliminates disputes over whether an event qualifies for coverage. The data is onchain and verifiable. The contract executes deterministically. Policyholders receive funds instantly when they need them most, without paperwork or waiting periods. This creates opportunities for new types of coverage that weren't economically viable before, including microinsurance for gig workers, event cancellation protection for small venues, and yield protection for individual farmers. The administrative costs that made these products unprofitable in traditional insurance disappear when settlement is automatic and trustless. Somnia Data Streams with full onchain reactivity will be available early next year, with subscription RPCs rolling out first in the coming months. Developers interested in early access can sign up for the mailing list to be notified when the SDK becomes available. About Somnia Somnia is the fastest, most cost-effective EVM Layer-1 blockchain, capable of processing over 1 million transactions per second with sub-second finality and sub-cent fees. Somnia's performance enables real-time, fully onchain experiences that go beyond financial applications. It's the ideal foundation for building large-scale games, social platforms, AI-powered applications and much more. Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Somnia to celebrate record-setting mainnet launch at Korea Blockchain Week.
GameFi.org has been taking decisive steps, especially now that it has teamed up with Somnia and will be using Somnia's powerful blockchain infrastructure.
Nansen joins Somnia as validator to boost Web3 growth.
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Industries
Data & Analytics
VR & AR
Consumer Software
Crypto & Web3
Company Size
51-200
Company Stage
Early VC
Total Funding
$15M
Headquarters
Brisbane, Australia
Founded
2024
Find jobs on Simplify and start your career today