Virtual Society Foundation Launches to Create a Decentralized Open Metaverse Network

Today
marks
a
pivotal
moment
in
the
evolution
of
the
digital
landscape
as
the Virtual
Society
Foundation (VSF)
announces
its
official
launch,
accompanied
by
plans
to
establish
a
unified
and
open
metaverse
utilizing
cutting-edge
blockchain
technology.

VSF
is
an
independent
organization
initiated
by Improbable,
a
British
start-up
that
has
been
at
the
forefront
of
building
virtual
worlds
for
over
a
decade.
VSF
has
secured
initial
funding
from MSquared,
an
ecosystem
of
interoperable
metaverses. The
foundation’s
mission
aligns
closely
with
the
vision
of
Improbable
and
MSquared,
aiming
to
realize
an
open,
community-driven
network
of
metaverses.

The
Foundation’s
Vision:

Envisioning
a
future
where
a
vibrant
creator
economy
flourishes,
the
Virtual
Society
Foundation
is
building
toward
an
open
and
interconnected
metaverse
ecosystem
where
the
creator
economy
can
thrive.
Underpinning
this
vision
is
a
commitment
to
establishing
universal
standards
that
facilitate
seamless
interoperability
of
avatars,
digital
and
crypto
assets
across
diverse
metaverse
experiences.
This
endeavor
promises
not
only
an
enhanced
user
experience
but
also
an
abundance
of
opportunities
for
imaginative
individuals,
ushering
in
a
new
era
of
digital
interaction
and
creativity.

In
pursuit
of
its
mission,
the
Foundation
is
committed
to:

• 
  Researching
  and
  developing
  blockchain
  technology
  and
  protocols
  conducive
  to
  an
  open,
  interoperable
  network
  of
  metaverses.

• 
  Providing
  financial
  support
  to
  projects
  aimed
  at
  nurturing
  the
  metaverse
  ecosystem.

• 
  Collaborating
  with
  like-minded
  organizations
  and
  foundations
  to
  establish
  open
  standards
  for
  the
  metaverse.

• 
  Advocating
  for
  the
  widespread
  adoption
  of
  metaverse
  technology.

In
a
statement
announcing
the
foundation’s
launch,
Paul
Thomas,
founder
of
VSF,
emphasized
the
collaborative
and
inclusive
nature
of
the
foundation’s
mission,
stating,
“The
coming
decade
will
witness
a
profound
transformation
in
online
interaction
and
creation.
We
envision
this
as
a
communal
endeavor,
owned
by
all,
rather
than
controlled
by
a
select
few
mega-corporations.”

The
construction
of
an
open
metaverse
network
demands
collective
action
shared
between
a
diverse
community
of
creators,
instead
of
a
private
venture
controlled
by
a
small
group
of
stakeholders.
Hence,
VSF
was
established
as
an
independent
nonprofit,
supported
by
Improbable,
MSquared,
and
other
strategic
partners,
ensuring
that
development
of
this
new
paradigm
remain
transparent
and
inclusive.

Backers
and
Collaborators:

In
2022,
Improbable
raised
$150
million in
funding
from
prominent
investors,
including
a16z
crypto,
SoftBank,
Mirana
Venture,
CMT
Digital,
and
SIG
to
establish
MSquared,
a
network
of
interoperable
metaverses
powered
by
its
Morpheus
technology. Morpheus has
facilitated
high-density
social
interactions
in
virtual
spaces
and
helps
major
brands
create
deeply
immersive
and
interactive
metaverse
experiences. 

MSquared
has
successfully
powered
massive
social
experiences
that
tens
of
thousands
of
users
can
enjoy
together,
including
an
official
virtual
ballpark
with
the Major
League
Baseball
(MLB) organization
in
the
US
and
concerts
with Kpop
musicians
like
TWICE.

The
Path
Ahead:

VSF’s
flagship
project,
Somnia
Network,
represents
a
significant
milestone
in
the
journey
toward
a
unified
metaverse.
As
an
L1
blockchain
and
omnichain
protocol
suite,
Somnia
Network
promises
to
unite
diverse
metaverse
experiences
within
the
same
framework.
The
imminent
launch
of
Somnia
Network
and
Betanet
signals
the
beginning
of
a
transformative
journey
toward
decentralization
and
universal
accessibility. 

For
more
information,
visit https://virtualsociety.foundation/