Somnium Space was founded in 2017 by Artur Sychov. Before becoming the founder and CEO of Somnium Space, Artur has worked as an investment trader for many years. In early 2018, the early access of Somnium Space was published, and users can download them from steam. During its early days, the platform sold over 200,000 USD worth of virtual land within two crowdfunding campaigns for early VR enthusiasts. In 2019, the company received seed funding of 1 million USD.
Since then, Somnium Space has undergone several major updates and received various investments, such as investments from GEMINI. In addition, the platform has partnered with leaders across virtual reality, blockchain, and hardware manufacturing sectors to create a seamless end-to-end ecosystem. Some of their partners include Sony and Matic. The company also works with Admix to help users monetise their virtual real estate.
The team at Somnium Space believes in a metaverse accelerated by interoperable virtual worlds not only on a commercial and technological level but also on a philosophical level as it pertains to the future of humanity. They believe that the metaverse will allow humanity to socialise, communicate, and cooperate in its native manner. Their vision is to develop a place where dreams come true, and the only limit is imagination.