CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World – Metaverse Bitcoin News

November 3, 2022
in Bitcoin
Reading Time: 4 mins read
A A
0
Open Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World – Metaverse Bitcoin News
0
SHARES
8
VIEWS
ShareShareShareShareShare

The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve a decentralized, community-led, and user ownership-oriented open metaverse.

Open Metaverse Alliance OMA3 Wants to Address the Isolated World Problem

While the concept of the metaverse has grown to define a significant number of business models for the next years, there are inherent problems to its current execution. While there are currently a number of metaverses, are not interoperable, with no contribution from one to another. The Open Metaverse Alliance OMA3, launched on Nov 1, aims to contribute to the solution to this problem by creating standards for this communication to happen.

OMA3 declares that its idea of the metaverse is community-driven, user ownership-based, and asset transferable. The association, which is based in Switzerland, is composed of companies such as Animoca Brands, Alien Worlds, Dapper Labs, Metametaverse, Space Metaverse, Superworld, The Sandbox, Upland, Voxels, and Unstoppable Domains.

About the objectives of the association, Dirk Lueth, one of the founding members of the body, stated:

The vision of OMA3 is to move from a platform-controlled Web2-world to a user-centric Web3-metaverse.

Key Areas of Study

To achieve its goals the body has announced a series of key areas that will be studied by several working groups. The Portal and Mapping Working Group will deal with the problem of porting users between metaverse worlds. Also, the legal working group will deal with the complexities that derive from the property of digital IP originating in these digital worlds, while another group will develop standards to move digital assets between these metaverses. In this way, investments and assets will be able to flow freely between different metaverse platforms.

The Sandbox COO Sebastien Borget remarked about the importance of this view for the future of these platforms, stating:

With these shared standards, users will be able to take digital items that they own from one metaverse to another, enabling a universe of interconnected virtual worlds that prioritizes user experience and ownership over platform dominance and censorship.

OMA3 is not the first body that tries to propose standards for the metaverse. On June 21, the Metaverse Standards Forum was launched with the same objective, integrated by companies like Meta, Microsoft, Epic Games, Adobe, and Nvidia, among others.

What do you think about the Open Metaverse Alliance and its goal? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

More Popular News

In Case You Missed It


Credit: Source link

RELATED POSTS

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

Robinhood Charges Into Indonesia as Next Explosive Crypto Market

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Kenka Metaverse (KENKA) Listed on Crypto Trading Platform MEXC on November 1

Next Post

20% of Solana nodes are down, possible risk for 16.9% of Ethereum nodes

Related Posts

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
Bitcoin

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026
Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News
Bitcoin

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

April 8, 2026
Robinhood Charges Into Indonesia as Next Explosive Crypto Market
Bitcoin

Robinhood Charges Into Indonesia as Next Explosive Crypto Market

December 9, 2025
Next Post
20% of Solana nodes are down, possible risk for 16.9% of Ethereum nodes

20% of Solana nodes are down, possible risk for 16.9% of Ethereum nodes

The Two Worst Things About Online Casinos (and How To Circumvent Them)

The Two Worst Things About Online Casinos (and How To Circumvent Them)

Recommended Stories

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
SEC fight over tokenized stocks could decide whether Wall Street keeps control

SEC fight over tokenized stocks could decide whether Wall Street keeps control

April 7, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Kraken’s Jesse Powell Warns of Looming Government Crackdown on Bitcoin and Crypto Assets

    0 shares
    Share 0 Tweet 0
  • Gensler says SEC can consider tailoring rules for crypto industry compliance

    0 shares
    Share 0 Tweet 0
  • SSV Network brings us Ethereum Staking with its New Permisionless Mainnet

    0 shares
    Share 0 Tweet 0
  • Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.