Open Metaverse Alliance Is Established By Web3 Platforms

To address the industry’s interoperability issues, blockchain-based metaverse and Web3 platforms have chosen to establish the Open Metaverse Alliance for Web3 (OMA3) According to the Alliance, inclusivity, decentralization, and democracy are its four guiding principles.

Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworld, The Sandbox, Upland, and Voxels founded the combined organization. According to the official release, developing standards and fostering collaboration between various Web3 stakeholders and those in other sectors would be the primary strategies for resolving interoperability issues.

To create a governance system that is “transparent and user-centric,” OMA3 will be developed as a Decentralized Autonomous Organization (DAO). It will concentrate its efforts on certain metaverse-related issues, such as protocols, transferable identification, gateways across virtual worlds, mapping, and indexing, as well as standards for non-fungible tokens (NFTs).

Alliance intend to join the recently revealed Metaverse Standards Forum

Metaverse Standards Forum is a group of Web3 businesses that will coordinate requirements and support for current standards as well as create standards pertinent to the Metaverse.

The Sandbox co-founder Sebastian Borget made an example of a digital avatar to illustrate the issues OMA3 is going to work on:

“We want your Avatar can be more than just virtual representation, and also carries your reputation as anyone can see on-chain which NFTs you hold, earned, created or bought, the full history of transactions and as well hopefully the progression/actions you have contributed to throughout time.” 

The announcement promises to relieve further details of the OMA3’s outline during the Global NFT Summit in London on July 22. 

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