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Metaverse And Web3 Platforms Decided To Form OMA3

Reports said that blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 (OMA3) to overcome the interoperability challenges of the industry.

It has been reported that the four core principles of the Alliance are said to be transparency, inclusiveness, decentralization, and democratization. The joint organization was established by Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworld, The Sandbox (SAND), Upland, and Voxels.

However, as the official announcement specifies, the means to overcome interoperability challenges would be focused on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries. OMA3 will be established as a decentralized autonomous organization (DAO) to ensure a governance system that is “transparent and user-centric.”

The report said that it will focus its efforts on specific metaverse-related topics, such as standards for nonfungible tokens (NFTs), protocols, transferable identity, portals between virtual worlds, mapping, and indexing.

Likewise, the Alliance members intend to join the recently announced Metaverse Standards Forum — a constellation of Web3 companies, coordinating requirements and support for existing standards and developing standards relevant to the Metaverse.

Thus, Sebastian Borget, the co-founder of The Sandbox, said:

“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.”

Source: Cointelegraph



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