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VR game Company move to Matic from Loom Network

VR game Company move to Matic from Loom Network
By We Play Coins
Added on Mar 24, 2020

VR game company move to Matic from the Loom Network according to a report from Cointelegraph. Scaling was an issue for Somnium Space, a VR company that makes games and other VR based technologies. Interestingly, you can buy virtual space on their network, in case you wanted to sell something in their virtual world. Similar to Ready Player One in concept.

Decentralized Apps are making huge progress but the current blockchain ecosystem is not prepared to scale as per the demand. The issues of slow block confirmations and high gas fees need to be solved before we target mass adoption by mainstream users. And most importantly, it needs awesome user experience.

What is Matic?

Matic aims to change that by simplifying the interaction between users and the decentralized world. They want to make interacting with the decentralized ecosystem so easy that anyone can do so without worrying about the complexity of the system.

Matic Network solves the above problems by building a decentralized platform using an adapted version of the Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain.

The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2 16 transactions per block, and possibly millions of transactions on multiple chains in the future. VR game company move to Matic to improve efficiency.

About Somnium Space

First working drafts of Somnium Space came to life and in 2017 they had their first VR version of the early demo which they showed at conferences. The early access of Somnium Space was published on the website early 2018 and can be downloaded from Steam since September 2018. Their goal was to always have a working version of Somnium Space where they can meet their community and listen to their ideas and comments while organizing concerts, debates and sporting events. They were making the early access better and better every day, but early this year it was time for a major update that was released to their early backers first and will be released to the backers in the Initial Land Offering in October.

They also sold 200 000 USD worth of virtual land in the two crowdfunding campaigns to early VR enthusiasts and are now ready to approach the broad public and community. Land went quickly when the early backers started reserving.

What is Loom Network?

Loom Network is a multichain interop platform live in production since early 2018. Optimized for scaling high-performance dapps that require a fast and smooth user experience, the network allows dapps to offer a UX comparable to traditional applications and onboard new users without the friction of needing to download crypto wallet software.

Loom also has integrations to Bitcoin, Ethereum, Binance Chain, and Tron (with EOS and Cosmos coming soon). This allows developers to integrate assets from all major chains, as well as build a dapp only once and offer it to users on all platforms simultaneously.