Thursday, June 20, 2024

Animoca Brands led Web3 companies alliance set to build borderless metaverse.

An alliance of Web3 companies, led by Animoca Brands, is keen to build an open and borderless metaverse called OMA3 (Open Metaverse Alliance for Web3). The group, which includes Alien Worlds, Dapper Labs, Decentraland, Star Atlas, and The Sandbox, as well as Wivity, Space, and Upland, is striving to solve key challenges of the nascent metaverse. It wants to preserve the freedom of information owned by users.

The new blockchain-based organization follows another similar metaverse alliance known as Metaverse Standards Forum. It’s founded by Microsoft, Meta, Alibaba, and Sony. These companies are renowned for letting users keep, much less transfer their data freely between applications.

OMA3 tweeted that multiple virtual worlds have come together to solve key challenges of the metaverse and preserve the freedom of information owned by users. It highlighted that the alliance will take a different approach. The alliance believes in a metaverse without restraining walls, where individual platforms are interconnected and fully interoperable. As such, the group is inviting all blockchain-based metaverse companies to join the alliance.

The alliance’s official portal states that it strives for a metaverse that is community-run, decentralized, and indexable. It wants a virtual world where users will be able to own and use digital assets, identity, and personal data in a frictionless way across multiple platforms. OMA3 wants a metaverse where users are in control of their assets and not the platform owners. Moreover, it wants a platform where ideas and services are based on the foundation of decentralization and interoperability to prepare for individual freedom, social, economic, and other sustainable outcomes.

OMA3 will operate the new decentralized autonomous organization (DAO) as a consortium that will be guided by inclusivity, transparency, and Web3 principles. It will build the alliance’s infrastructure for the metaverse to operate as a unified system.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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