Question 1

What is Somnium Space CUBEs (CUBE)?

Accepted Answer

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.

Question 2

What is Somnium Space CUBEs (CUBE) used for?

Accepted Answer

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.

Question 3

Who created Somnium Space CUBEs (CUBE)?

Accepted Answer

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.