Somnium Space CUBEs (CUBE) is the native in-game currency of the Somnium Space virtual reality (VR) metaverse. It is an ERC-20 token built on the Ethereum blockchain, with a Layer 2 implementation on Polygon to enable low-cost, high-speed transactions.

CUBEs serve as the primary currency for all economic activities within Somnium Space, a persistent, decentralized VR world where users can buy land, create experiences, and monetize digital assets. The token plays a fundamental role in vr-commerce, allowing seamless peer-to-peer transactions inside the virtual universe without intermediaries.

CUBEs are designed for true digital ownership, empowering players with control over their assets through blockchain-based authentication. The currency is used for in-game transactions, NFT purchases, services, and experiences, supporting a self-sustaining economy that operates on Ethereum (mainnet) and Polygon (Layer 2) for efficiency and scalability.

Additionally, Somnium Space is developing smart contracts that will integrate drag-and-drop payment gateways in the platform’s builder, making it easier for users to set up monetized environments without needing technical expertise.

CUBEs serve as the core medium of exchange in the Somnium Space metaverse, enabling a variety of transactions and interactions:

• Purchasing Virtual Land and Assets: Users can buy, sell, and rent virtual land parcels and other in-game assets as NFTs on platforms like OpenSea.
• Monetizing Experiences: Artists, developers, and entrepreneurs can charge CUBEs for access to museums, concerts, arcade games, and immersive experiences.
• NFT Trading: Avatars, wearables, vehicles, and in-game items can be bought, sold, and transferred using CUBEs, ensuring real ownership and interoperability.
• Teleportation and Transportation: Players can use CUBEs to access teleporters and vehicles, which provide faster travel across the metaverse, enhancing mobility and interaction.
• Layer 2 Integration for Low Fees: Users can bridge CUBEs between Ethereum and Polygon, allowing for near-zero gas fees and instant microtransactions, making it practical for high-frequency in-game trading.
• Paying for Virtual Businesses & Services: Somnium Space enables players to run businesses, host events, and sell digital goods in a decentralized economy, using CUBEs for payments.
• Smart Contracts for Automation: Future updates will introduce automated contracts that simplify transactions, allowing users to set up monetized environments without coding.

By integrating blockchain technology, CUBEs support a fully decentralized digital economy, ensuring that all transactions are secure, transparent, and accessible in a user-driven metaverse.

Somnium Space CUBEs (CUBE) was created by Somnium Space Ltd., a company founded by Artur Sychov, who serves as the Founder & CEO. Sychov has extensive experience in finance and technology, having worked in these industries since 2004.

He began his career as a Stock Broker at Afin Brokers a.s. in 2004. In 2007, he joined Citigroup as a Foreign Exchange/Bourse Game Trader and also worked at EP ENERGY TRADING, a.s. as an Electricity Trader. From 2009 to 2014, he was an Electricity Trader for South & Eastern Europe at E.ON. In 2014, he founded and became CEO of EASYCHARGE.me GmbH, a company focused on electric vehicle charging solutions. In 2017, he founded Somnium Space, aiming to create a decentralized, persistent VR world. In 2020, he also founded Authencity, another blockchain-focused project.

Sychov holds a degree in Investment Banking (Ing) from the University of Finance and Administration, Prague (2002–2008) and an MBA in Financial Management from the City University of Seattle (2005–2007). His background in finance, trading, and technology played a key role in shaping the vision of Somnium Space, integrating blockchain to enable digital ownership and a decentralized metaverse.