What is SOM
Tokens
Souls of Meta: Revolutionising the Gaming Metaverse with $SOM
Introduction
As the gaming landscape evolves, decentralisation within the industry is becoming increasingly significant. Among the many projects redefining this space, Souls of Meta ($SOM) stands out. This innovative web3 project promises to usher in a new era of gaming by crafting a Cross-Game Multi-Chain metaverse that seeks to blend play-to-earn elements with engaging gaming experiences. By offering players the chance to enjoy a fun and rewarding digital environment, Souls of Meta aims to balance the challenging dynamics of traditional gaming models with the excitement and creativity inherent to the gaming community.
What is Souls of Meta ($SOM)?
Souls of Meta is built as a comprehensive gaming ecosystem offering an immersive experience where users can genuinely own, monetise, and engage with NFT (Non-Fungible Token) assets. It combines Gamefi and Socialfi, creating a platform where users can traverse diverse, community-designed realms, take on formidable monsters, solve puzzles, and interact and collaborate with fellow players.
This project introduces a unique gaming model termed Play-Own-Earn + Free-2-Play. Here, 'Play-Own-Earn' signifies not just engagement in games for rewards but also owning stakes in digital assets that yield further benefits, in stark contrast to the 'play-to-earn' models that often prioritise earnings over enjoyment. Souls of Meta paves the way for a vibrant gaming ecosystem where rewards emerge from user creativity and community interaction.
Creators of Souls of Meta ($SOM)
The vision behind Souls of Meta is spearheaded by its co-founders, Kevin Reddy and Michael Skrychevsky. Their combined expertise and passion for gaming and blockchain technology are foundational to the development and strategic direction of the project. They emphasise user experience and community engagement as core components of the ecosystem designed to enhance player interaction within the metaverse.
Investors of Souls of Meta ($SOM)
As Souls of Meta garners attention, it has secured approximately ₹1.82 crore from 15 funding rounds. Although a specific list of investors remains undisclosed, the project achieved a remarkable pre-valuation of ₹24 crore. This backing speaks volumes about the confidence stakeholders have in the potential of Souls of Meta to redefine gaming through a decentralised approach.
How Does Souls of Meta ($SOM) Work?
At the heart of Souls of Meta's operational framework are several innovative features that enhance its unique proposition within the gaming industry:
Soulverse (Metaverse): This integrated platform fosters a collaborative community where Souls of Meta players can interact with other NFT gaming communities, cultivating an expansive and engaging metaverse.
Soul Pad (NFT Pad): This NFT launchpad and digital asset exchange (DAX) facilitates exclusive offerings and NFT drops, allowing users to invest early in promising assets.
SoulDAO (Gaming DAO): In this decentralised autonomous organisation, stakeholders hold sway over critical ecosystem decisions, allowing for greater engagement and alignment among players, developers, and investors.
Create to Earn: Players can contribute to the ecosystem by creating game levels and assets as NFTs, subsequently monetising them either through direct sales in the marketplace or by earning passive income via royalties.
Quests: The excitement of exploration is enhanced through quests, where players collect treasures and rewards by overcoming challenges posed by non-player characters (NPCs).
Horse Overloads: A feature that invites players to battle colossal beasts from the digital realm, granting victors SMPs along with rare NFTs.
ADS NFT Centre: This feature allows users to display their NFTs on virtual billboards within the game, using $SOM tokens to increase visibility and enhance sales opportunities.
This innovative blend of features positions Souls of Meta as not just another gaming platform but as a new paradigm in the intersection of gaming, ownership, and community engagement.
Timeline of Souls of Meta ($SOM)
The journey of Souls of Meta has been marked by several important milestones:
April 20, 2022 - May 03, 2022: Conducted the pre-sale of $SOM tokens, allowing early adopters to engage with the project.
July 25, 2022: The Initial DEX Offering (IDO) on TrustPad marked a significant step in community fundraising and project visibility.
July 26, 2022: Launch of the NFT launch pad, further solidifying its role in the burgeoning NFT marketplace.
Tokenomics
Overview
$SOM, which operates as a BEP-20 token, is integral to the Souls of Meta ecosystem. The total supply of 3,000,000,000 SOM tokens is allocated strategically to support diverse initiatives within the ecosystem:
- 9% Seed investors
- 6% Strategy
- 6% Private sales
- 4% Public sales
- 10% Fun2Earn initiatives
- 10% Game farming
- 8% Ecosystem growth
- 7% Staking rewards
- 7% Liquidity
- 5% Marketing initiatives
- 4% Partnerships
- 8% Development team
- 4% Advisors
- 12% Treasury allocation
Utilities of $SOM
The multifaceted role of $SOM includes its function as a utility token that users can leverage for various purposes within the Souls of Meta environment. These include securing staking rewards, gaining community influence, facilitating liquidity, and accessing exclusive features and offerings, thereby enhancing player engagement and interaction.
Conclusion
Souls of Meta ($SOM) represents a promising glimpse into the future of gaming by weaving together elements of community interaction, ownership, innovative game dynamics, and reward systems. As the project continues to evolve, the metaverse it creates stands to not only offer entertainment but also genuine monetisation potential for users. With its strong co-founders, strategic funding efforts, and robust innovative features, Souls of Meta is set to carve out a significant niche in the ever-growing web3 landscape. As the world tunes into this exciting journey, the potential for reshaping the gaming experience appears more tangible than ever.
