Sensorium, the Web3 developer behind the Sensorium Galaxy metaverse, has announced that it plans to release a new project focused on furthering its decentralized ecosystem.
Sensorium Arc is being presented as a “new decentralized platform dedicated to hosting both company-owned and third-party Web3 products and assets”, in what the company says will help add functionalities and monetization opportunities to its broader Sensorium Galaxy metaverse.
As part of this strategy update, Sensorium has revealed that SENSO DAPP and UNDER are slated to be the first products released under Sensorium Arc, adding that both Web3 projects will be powered by Sensorium’s native currency, SENSO.
The move is expected to unlock new tokenomics opportunities for SENSO, including enhanced use cases for future NFT assets such as avatars and land parcels.
In addition, Sensorium Arc is aimed at giving Web3 developers an opportunity to launch and test their assets in a ready-made environment that can rapidly source users to their experiences. The move is also expected to help support the overall functioning of Sensorium’s ecosystem, foster the community, and encourage the integration of Web3 technology across the different corners of the tech industry.
“SENSO holders stand to enjoy all these extended benefits and additional perks as we unveil this new milestone for Sensorium. Above all, we believe that the next 12 to 18 months will be an incredible window of opportunity in shaping the evolution of Web3 and we fully intend to support that growth and ensuring that we include our existing community as well as welcoming new users, developers and enthusiasts to our platform”, explained Alex Firsov, Sensorium’s Chief Web3 Officer.
The announcement comes on the heels of a series of major crypto moves for the Web3 developer.
In April, Sensorium burnt $500,000 worth of SENSO tokens following a private NFT land sale connected to Sensorium’s upcoming P2E metaland project – UNDER. UNDER land parcels are scheduled to become available to the general public over the coming months under a multi-stage drop scheme.
It’s worth noting that Sensorium’s latest major burn was at the end of 2021, with the company burning 1 billion SENSO, leaving the total supply of SENSO at the time at 700 million tokens.
The company has hinted at an overhaul of its tokenomics in the near future, following the announcement that it has welcomed Jay Hao, the former CEO of the world’s second largest cryptocurrency exchange OKX, to Sensorium’s Expert Advisory Board.
These latest developments come as Sensorium continues to make strides in the development of its Sensorium Galaxy metaverse, after entering VR multiplayer public playtest and opening up access to new virtual reality and content features inside the platform’s virtual worlds.
Earlier, Sensorium revealed that it has been working with a star-studded lineup of artists, including David Guetta, Carl Cox, Armin van Buuren and Steve Aoki, to create virtual reality concerts for its PRISM world.
The first three performances are scheduled to take place during the first half of 2023.
