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Somnia Launches Mainnet and $SOMI Token at Korea Blockchain Week

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by Giorgi Kostiuk

10 days ago


The launch of Somnia's mainnet at Korea Blockchain Week marked an important milestone in blockchain technology, coinciding with the unveiling of the $SOMI token. This emphasizes significant progress in blockchain technology adoption and its application.

Mainnet Launch Announcement

The mainnet launch was highlighted at Korea Blockchain Week with the introduction of the $SOMI token. It focuses on scalable blockchain solutions applicable in both the real world and the metaverse.

Investments and Financial Goals

The launch is backed by $270 million in committed investments and a new $10 million grant program aimed at supporting blockchain projects. Google Cloud's involvement strengthens the initiative's reliability and security. These investments are targeting a goal of 60 billion monthly transactions.

Post-Launch Targets and Expectations

Somnia aims to onboard 118 million unique wallets post-launch, reflecting the growing interest in the platform. Experts note that such a mainnet launch could potentially enhance liquidity flows within the EVM-compatible blockchain ecosystem.

Building Somnia is about more than launching another blockchain. It's about enabling the online experiences that blockchain technology is built to unlock...Paul Thomas

The launch of Somnia's mainnet and the $SOMI token represents a significant step forward in advancing blockchain technology, aiming to substantially increase transaction numbers and interest in the platform.

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