Large Web3 companies decided to join forces and create a single infrastructure for the metaverse. The initiative is called the Open Metaverse Alliance For Web3 (OMA3). ‘The Sandbox,’ ‘Decentraland,’ ‘Animoca Brands, ‘ ‘Upland,’ and many others have already joined this project.
The Open Metaverse Alliance for Web3 (OMA3) was created to avoid the negative impact of web2 on web3 and the metaverse, as stated by the initiators of the alliance. OMA3 believes that the metaverse is a free space where the leading platforms are interconnected.
OMA3 will be structured as a DAO that operates as a consortium. Among the members of this group are some of the biggest names in web3 at the moment. With all of these brands coming together, it becomes more likely that the future of web3 will look like what they envision: decentralization and unity simultaneously.
The fundamental principles of the association are interoperability, standardization, and ownership. OMA3 is already working on some collaborative projects. For example, cross-platform standards, portals between metaverses, etc.
For now, OMA3 is trying to attract more organizations with the same goals and mindset.
