Cryptos

Launch of the Open Metaverse Alliance by Web3 platforms. – Entmetrics

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Several Web3 platforms have joined forces with the metaverse (based on the blockchain) to set up an alliance. Called the Open Metaverse Alliance (OMA3), the goal is to ensure that interoperability issues faced by the industry are resolved. The fundamental principles on which the Alliance will operate are decentralization, democratization, inclusiveness and transparency.

This organization has been set up by Decentraland, Dapper Labs, Alien Worlds, Voxels, The Sandbox and other companies. According to the official announcement, the means by which interoperability standards will be addressed is to facilitate collaboration. All Web3 players will work with companies in the sector on standards and set up collaborative projects.

OMA3 is set up as a DAO so that the governance system is transparent and user-friendly. The focus is on specific metaverse related topics like NFT standards, how to transfer identities, protocols, indexes and maps.

Alliance members also intend to be part of the Metaverse Standards Forum. This forum will coordinate requirements and provide support for the standards already in place. The idea is also to develop new standards relevant to the metaverse.

Sebastian Borget, co-founder of Sandbox, offered the example to highlight the issues that OMA3 will work on. His example of the digital avatar and how OMA3 works is as follows. The avatar would be more than a virtual representation. The avatar will have a reputation that is unique to the user and all NFT assets can be viewed, created, earned or even purchased. The Alliance has promised to reveal more details about the work that OMA2 will do. This information will be made available at the NFT Summit to be held in London on July 22n/a.

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