How To Buy Somnium Space Coins | What Is Somnium Space CUBE?

If you are interested in Somnium Space Metaverse and confused about buying something in Somnium Space. Then, let us tell you that it can be done with the help of Somnium Native tokens. Don’t get confused because here we are with a post on how to buy Somnium Space Coins.

Somnium Space is a Metaverse on Ethereum blockchain developed by Artur Sychov. It is an immersive Metaverse where users can create, trade, and explore. The Somnium Space Metaverse uses its currency, the Somnium Cube. If you have to buy or sell anything in Somnium Space, you can use Somnium Cube only. This metaverse is open source, meaning you can design it as you wish. You can explore the creation of other players.

Somnium Space has its tools to create and build land parcels. Before you can build, you need Somnium Space Coins or Cubes. Let’s find out how to buy Somnium Space coins.

What Is Somnium Space?

What Is Somnium Space?

Somnium Space is a digital universe that provides users immense dynamic virtual reality experience. The Ethereum blockchain powers this Metaverse. Somnium Space is a place where users can interact and purchase land parcels. They can fully customize their land, construct homes or buildings, and trade assets. They can explore other players’ creations and visit restaurants or museums.

Somnium Space has its 3D modeling application by which you can easily create or construct on your land parcel. This application is called Somnium Space Builder.

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Currently, Somnium Space operates with four elements.

1. Software Development Kits (SDK)

SDK provides a platform to create or customize digital land parcels, properties, and avatars.

2. Virtual Reality

Somnium Space has a virtual reality builder named Somnium Space Builder to create environments and structures for the game.

3. NFT Marketplace

This is the marketplace where you can buy or sell and monetize your digital assets.

4. NFT- Based Assets

You can use any NFT from the Ethereum Blockchain in the Somnium Space.

How To Buy Somnium Space CUBE?

 Somnium Space CUBE

Cryptocurrencies like Somnium Space Cube can’t be purchased in exchange for USD. These currencies are purchased only with another cryptocurrency on a decentralized exchange. In this post, we will be taking the example of Coinbase Wallet, which is best for US residents. We will be purchasing the Somnium Space Cube from ETH. So first, we will purchase some Ethereum (ETH), and then we will use that to buy a Somnium Space Cube.

Step 1: Coinbase Wallet

We need a self custody wallet like Coinbase. If you already have an account, you can move to the next step. However, if you don’t have one, then follow the steps.

  1. Coinbase is available on mobile as well as a browser extension.
  2. Download the coinbase.
  3. Register yourself or create an account.

Step 2: Choose Username

We recommend choosing a username while setting up your Coinbase account. This username allows other Coinbase Wallet users to send cryptos to your account easily.

Also Read, Upland VS Decentraland: Which One Is Best To Invest?

Step 3: Secure Your Recovery Phrase

When you set up a self-custody wallet, you receive a recovery phrase. This phrase is made of 12 random words. Anyone with this key can access your account. If you lose this key, you cannot access your account, and Coinbase can help you.

Step 4: Ethereum Network Fees

To buy Ethereum or Somnium Space Cube, you will be charged a gas fee. The gas fee varies from transaction to transaction, and it also varies with time. Wait for the optimum time when the gas fees are low.

You have to buy ETH from your Coinbase wallet and you also have to set aside some more ETHs as gas fees for purchasing Somnium Space Cube.

Step 5: Buy Or Transfer ETH To Coinbase Wallet

Now you have two ways here. Either purchase ETH or transfer from other wallets like MetaMask if you already have an account there. Here are the steps to be followed

  1. Open Coinbase Wallet.
  2. Click on Add Funds.
  3. Connect to Coinbase account.
  4. Authorize the connection.
  5. Select buy or transfer as per your need.
  6. Choose the payment method.
  7. Confirm the transaction.
  8. Wait till verified.

Step 6: Buy Somnium Space Cubes From ETHs

Using Coinbase wallet, you can purchase Somnium Space Cubes from the mobile app or the browser extension.

  1. Tap on the Trade option.
  2. You can swap ETH for any tokens that run on Ethereum standard called ERC-20 tokens.
  3. Click on Choose coin.
  4. Select Somnium Space Cubes.
  5. Select the amount of Somnium Space Coins required.
  6. Confirm the purchase.
  7. Wait till verified.

Now, you can purchase an asset on Somnium Space using the Coinbase wallet. You can complete your transaction using Somnium Space Cubes.

Somnium Space CUBE

  • The Somnium Space Cube’s Price today is $6.73 USD.
  • Somnium Space Cubes are down by 6.69%.
  • Its circulating supply is 12,500,000 CUBE.
  • Max supply is 100,000,000 CUBE coins.

Also Read, Lazy Minting Of NFTs | How Is Lazy Minting Of An NFT Done?

What Can You Purchase From A Somnium Space Cube?

You can purchase different assets using Somnium Space Cube from the marketplace. Here is a list of things that you can purchase in the Somnium Space Cube.

  1. Land parcels
  2. Avatars
  3. Pay rent
  4. Pay for games
  5. Pay for events
  6. Pay for goods
  7. Pay for services

Wrapping Up:

In this post, we have discussed Somnium Space and how we can buy a Somnium Space Cube. We have gone through different steps for setting up a Coinbase wallet and buying Somnium Space Cube in exchange for ETHs. Once you have a Somnium Space Cube, then you can easily make your transactions. 

You can also start modeling your land parcel. Now you have Somnium Space Cubes in your wallet. You can explore different options now.

If you want to know more about Somnium Space, leave a comment below.

Frequently Asked Questions

Q1. Does Somnium Space Have A Token?

Somnium Space’s Cube Token or CUBE is an ERC – 20 token used in Somnium Space as currency.

Q2. When Is A Somnium Token Available?

It is a fair launch token. No pre-sales or airdrop. Everyone has a fair chance to buy the token.

Q3. Who Owns Somnium Space?

Artur Sychov is the owner and developer of Somnium Space.

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