Improbable, a British company specializing in metaverse technology, is set to launch their Somnia blockchain, entering the DevNet phase soon. The blockchain is designed to handle over 400,000 transactions per second (TPS) while ensuring sub-second latency and low costs, with compatibility for Ethereum Virtual Machine.

"The blockchain [will] enable very, very high transaction throughput and the ability to put more things on-chain," stated Herman Narula, Improbable's Co-founder and CEO.

Narula also emphasized that the blockchain sector has struggled to achieve high performance over the last decade, attributing this to a focus on short-term gains and token optimization among many creators.

The project, which is being led by the Virtual Society Foundation, has received funding through Improbable’s M2 network, which includes supporters such as a16z and SoftBank.

For additional insights, Narula used a restaurant analogy to describe the necessity of improved infrastructure. He highlighted the requirement for innovation to achieve viability at a larger consumer scale while maintaining efficiency in processing transactions.

"Our plan is not more waiters… we intend to give a single waiter a whole bunch of drugs to make them go faster... In conclusion, Somnia: Let’s give the EVM crack."

For the full details, visit CoinDesk.