Several Metaverse platforms, including Animoca Brands, have banded together to launch OMA3, a Metaverse interoperability decentralized autonomous organization.
A group of Metaverse platforms has teamed up to launch a Metaverse interoperability decentralized autonomous organization (DAO), which will be called Open Metaverse Alliance for Web3 or OMA3. The alliance is the second of its kind to have launched recently, after the Metaverse Standards Forum launched on June 21.
Among the Metaverse platforms that have banded together are Hong Kong-based game software and venture capital firm Animoca Brands and The Sandbox, one of its subsidiaries. Other platforms to join the fray are primarily brands that Animoca Brands has invested in, such as Alien Worlds, Splinterlands, blockchain gaming company Upland, Dapper Labs, and Star Atlas.
Both OMA3 and Alien Worlds excitedly shared the good news on their official Twitter accounts.
Other companies involved in this alliance that are outside the scope of Animoca Brands but that have collaborated with the firm in the past include Decentraland, Meta, virtual reality and game developer Space, DAO framework developer Wivity, Cryptovoxels, and Superworld.
What OMA3 Is About
The aforementioned Web3 companies have joined forces to form an alliance that would build OMA3, an open and borderless Metaverse. According to the group, the alliance aims to solve critical challenges in the nascent Metaverse. That includes safeguarding the freedom of information that users own.
As mentioned in the get-go, this new blockchain-based organization was formed after the Metaverse Standards Forum was founded last month. Some founding members of said Metaverse alliance include Microsoft, Sony, Meta, and Alibaba. What is worth noting about these founders is that these companies are not known for allowing users to keep and much less transfer their data between applications freely.
Unlike the abovementioned companies, OMA3 plans to approach the matter differently.
“We believe in a Metaverse without restraining walls, where individual platforms are interconnected and fully interoperable,” OMA3 said in a blog post.
OMA3 Calls for Unity Among Metaverse Companies
OMA3 has sent feelers to all blockchain-based Metaverse companies inviting them to join the alliance. However, it has not revealed details about governance or how it plans to allocate voting power.
According to OMA3, this new DAO will operate as a consortium and be guided by inclusivity, transparency, and Web3 principles. To those unfamiliar, a DAO is an online community using Web3 tools to organize and spread control among its members. DAO members are usually incentivized with cryptocurrency or tokens, which also govern decision-making.
“The standards we create are guided by the goals of true ownership and real-time interoperability. We will build infrastructure to ensure the Metaverse operates as a unified system where digital assets (such as NFTs), identities, and data are permissionless and interoperable for all and controlled by users, not platforms,” said OMA3 in a statement. It continued, “Users will immutably own these assets and transfer them to any OMA3 virtual worlds freely, without needing the platform’s permission.”
Because OMA3 was launched a month after the tech-heavy Metaverse Standards Forum, its announcement caused a bit of confusion among those in the industry involved. After all, while operating separately, the two alliances are armed with similar interoperability ideals.
Nevertheless, it is speculated that OMA3 had already met with the Metaverse Standards Forum and that the former will ultimately join the forum once it is incorporated.
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