Web3 companies launch open metaverse alliance OMA3

OMA3 plans to create an open metaverse where users are in control of their assets, not platform owners. All metaverse firms are invited to join.
Web3 companies launch open metaverse alliance OMA3

A group of Web3 companies has come together to form Open Metaverse Alliance for Web3 (OMA3). The organization aims to address key challenges associated with the open metaverse, with interoperability as its priority. 

“Our goal is to ensure virtual land, digital assets, ideas, and services are highly interoperable between platforms and transparent to all communities. OMA3™ is open to all Web3 metaverse builders,” 

states the official website of OMA3. 

The Sandbox, Dapper Labs, Animoca Brands, Decentraland, Star Atlas, and Alien Worlds are some notable names joining the alliance. 

Interestingly, the news comes weeks after the announcement of a similar kind of alliance by Web2 firms called Metaverse Standards Forum. Some of the members of this group include Facebook, Microsoft, Sony, and Alibaba – companies that have traditionally operated within closed systems. 

“Metaverse Standards Forum provides a venue for cooperation between standards organizations and companies to foster the development of interoperability standards for an open and inclusive metaverse,” 

reads the organization’s official site

Evidently, both groups will focus on openness and interoperability. However, the significant difference between the two would be how they operate. 

OMA3 will function as a decentralized autonomous organization or DAO, within the Web3 principles of transparency and inclusivity. Keeping this in mind, the alliance intends to invite interested blockchain-based metaverse firms to join the group.  

The organization’s objective involves building a unified infrastructure where data, digital assets, and identities are permissionless, with users at its core. A system that would ensure significant control by users and not the platforms. 

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James Satoshi
James Satoshi
James is a leader in Web3, NFTs, & DeFi. You'll spot him covering all topics through-out Coinmash - some say he's so good he doesn't even seem real.