Somnia Ecosystem secures up to $270M investment from Improbable and MSquared.
Somnia achieves $270M backing from Improbable & MSquared to enhance its blockchain ecosystem.
Improbable's CEO Herman Narula discusses the company's new Somnia layer-1 blockchain, its plans for the Bored Ape metaverse Otherside, and the positive impact of the U.S. election on crypto.
Improbable, the developer behind Bored Apes' Otherside, plans to create a new Layer 1 blockchain called Somnia, claiming it can handle over 400,000 transactions per second.
Improbable is set to launch the DevNet phase of the Somnia blockchain, which it is building for Yuga Labs’ Otherside platform.