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Web3 platforms launch Open Metaverse Alliance to overcome interoperability issues

Web3 platforms launch Open Metaverse Alliance to overcome interoperability issues
Photo Credit: Pixabay
22 Jul, 2022
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Blockchain-based Metaverse and Web3 platforms have announced the launch of Open Metaverse Alliance for Web3 (OMA3) to address the industry’s interoperability issues. According to the Alliance, its four guiding principles are inclusivity, decentralisation and democracy. 

A joint company was established by Animoca Brands, Alien Worlds, SAND (The Sandbox), Space, Dapper Labs, Upland, and Voxels. According to a recent official announcement, the interoperability issues would be resolved by concentrating on facilitation and suggested cooperation standards among various Web3 stakeholders. 

OMA3 will be created as a Decentralised Autonomous Organisation (DAO) to build a governance structure that is “transparent and user-centric, an official statement said. It added that it will focus its work on several metaverse-related topics, including standards for non-fungible tokens (NFTs) and protocols for transferable identity, gateways between virtual worlds, mapping, and indexing. 

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“We are incredibly excited to announce the Open Metaverse Alliance for Web3. Multiple virtual worlds have come together to solve key challenges of the metaverse and preserve the freedom of information owned by users,” Co-founder of SAND, Sebastian Borget said in a tweet, explaining how the forum anticipates the OMA3 platform’s virtual avatars to reflect the actual characteristics of the users.

Explaining the problems OMA3 would address, Borget 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.”

The members of the Alliance aim to join the Metaverse Standards Forum — a constellation of Web3 companies created last month.

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The forum already has some major players on board, such as Meta, Microsoft, Epic Games, Adobe, Nvidia, Sony, Unity and others and is advocating the existing and developing standards relevant to the Metaverse to make it easier for developers to build across platforms.