Global Web3 Companies Band Together to Form Open Metaverse Alliance
With the rising trend of Web3 and Blockchain Gaming, there have been concerns rising up regarding certain fundamental issues such as the interoperability between multiple metaverses that are beginning to plague the industry. As a result, some of the top Web3 platforms and companies are banding together to launch the Open Metaverse Alliance (OMA3) for Web3 .
was formed to ensure “to ensure virtual land, digital assets, ideas, and services are highly interoperable between platforms and transparent to all communities.” with heavyweights such as Animoca Brands, Alien Worlds, Decentraland and more.
How does this alliance work?
The OMA3 claims that it will function as a Decentralized Autonomous Organization (DAO) that will operate like a consortium, where its governance is guided by “the principles of inclusiveness, transparency, and decentralization.”The companies that are part of the Alliance will work together to create a unified metaverse where digital assets (such as NFTs), identities, and data are permissionless, interoperable, and controlled by users, not platforms.The Open Metaverse Alliance will also ensure that the users immutably own their assets and will be able to transfer them to any of the virtual worlds within the Alliance freely, without needing the platform’s permission.
At the time of writing The Alliance consists of:
The companies involved are not just heavyweight platforms but also various game/ VR developers and DAO developers.
OMA3 vs the Metaverse Standard Forum
This announcement came right on the heels of the announcement of 30 large corporations such as Meta, Microsoft, Alibaba, Sony, Epic games and more announce the formation of Metaverse Standards forum in June with a similar aim. However, these are not endemic companies from the blockchain industry..OMA3 on the other hand is made up of dedicated blockchain gaming companies that are endemic towards the Metaverse and Web3 space.