A number of blockchain companies and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 to overcome the interoperability challenges of the industry, running with the four core principles of transparency, inclusiveness, decentralization, and democratization.
Established by Alien Worlds, Animoca Brands, Dapper Labs, Decentraland, MetaMetaverse, Space, Superworld, The Sandbox (SAND), Upland, Voxels, and Wivity, OMA3 will be established as a decentralized autonomous organization (DAO) that is “transparent and user-centric.”
Discussing topics such as standards for nonfungible tokens (NFTs), protocols, transferable identity, portals between virtual worlds, mapping, and indexing, the alliance members will also join the Metaverse Standards Forum – a constellation of Web3 companies, coordinating requirements and support for existing standards and developing standards relevant to the Metaverse.
Taking the example of a digital avatar, Sandbox co-founder Sebastian Borget explained the concept as follows: “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.”
More details on OMA3’s outline will be revealed on Friday during the Global NFT Summit in London.
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