OMA3 Metaverse Alliance: Initiative by Web3 platforms

Blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 i.e. OMA3 to overwhelm the interoperability challenges of the industry. The Alliance will focus on four core principles i.e. transparency, inclusiveness, decentralization, and democratization. 

OMA3 Metaverse Alliance

Metaverse Alliance

The joint organization was established by Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworld, The Sandbox (SAND), Voxels, and Upland. As the official announcement defines, the means to overcome interoperability challenges would be focused on suggesting standards and facilitating association between various stakeholders of Web3 and other industries.

OMA3 will be established as a decentralized autonomous organization (DAO) to assure a governance system that is “transparent and user-centric.” It will focus its endeavors on specific metaverse-related topics, such as standards for NFTs, protocols, transferable identity, portals between virtual worlds, indexing, and mapping.

The Alliance members plan to join the newly announced Metaverse Standards Forum a group of Web3 companies, coordinating requirements and support for existing standards and molding standards appropriate to the Metaverse.

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The Sandbox co-founder Sebastian Borget made an illustration of a digital avatar to represent the issues OMA3 is going to work on:

Sebastian mentions that they want Avatar to be more than just a virtual representation, as it also carries an individuals reputation and anyone can see on-chain which NFTs you hold, created, earned, or bought, the full history of transactions, and as well hopefully the progression/actions you have contributed to throughout time. 

The announcement promises to disclose further details of the OMA3’s strategy during the Global NFT Summit in London.

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