Somnium Space CUBEs CUBE

1. Summary

Ranks

Liquidity

83

Developer

-

Social

79

Momentum (beta)

0

Stack Rank™

-

Price

$0.30 -0.6%

Market Cap

$4.51M (#2105)

Supply

14.84M / 40.05M

Tags

Near Protocol Ecosystem NFT Metaverse Augmented Reality Virtual Reality Polygon Ecosystem Ethereum Ecosystem Artificial Intelligence (AI) AI Applications

More Metrics

Price
52W High price	$1.07
52W High date	28th Apr 2024 (1 year ago)
All Time High (ATH) Date	3rd Nov 2021 (3 years ago)
ATH Price	$28.12
% From ATH	-99.23%
All Time Low (ATL) Date	13th Mar 2020 (5 years ago)
ATL Price	$0.04
% From ATL	493.87%

Supply & Trading Volume
Trading Volume (24h)	$3,620.00
Total Supply	40.05M
Max Supply	100.00M
Circulating Supply	14.84M

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Description

Somnium Space CUBEs

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Somnium Space CUBEs

CUBEs is the native utility token of Somnium Space, a decentralized and social virtual reality world powered by blockchain technology. It serves as the in-game currency, facilitating transactions between players for various experiences within the virtual environment. Users can hold, buy, and sell CUBE tokens, which can be used to purchase goods and services such as land, avatars, and other digital assets within the Somnium metaverse.

Functionality

CUBE tokens streamline transactions and exchanges inside Somnium Space, enabling players to engage in activities like visiting cinemas, amusement parks, and utilizing racing vehicles and teleporters. Artists can sell tickets for CUBEs, allowing access to user-generated museums and concerts. Producers can develop interactive games that accept CUBE tokens from customers.

Key Features

• CUBE tokens are ERC-20 tokens built on the Ethereum blockchain.
• The token's utility is designed for in-game transactions and not as a speculative financial instrument.
• The total supply is capped at 100 million CUBE tokens.
• Users require CUBE tokens to purchase and interact with digital assets within the Somnium metaverse, such as avatar tokenization and land parcels.

Land Parcels and Avatar Tokenization

Somnium conducted Initial Land Offerings (ILOs), issuing Land Parcels (PARCELs) that allow users to build independent worlds within the platform. These land parcels can be used to place and explore Non-Fungible Tokens (NFTs) in virtual reality. Users can also mint their own full-body VR avatars onto the blockchain using CUBE tokens, which can be bought and sold as NFTs.

Community and Development

Somnium Space has seen significant investment and partnerships, including a virtual event called the Creators Fund, which awarded grants to creators and startups. The platform has also hosted events like Somnium Space Connect, where new partnerships and developments were announced.

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