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Animoca Brands’ Web3 DAO for Metaverse Interoperability is Live

The OMA3 web3 DAO is the second such group after Metaverse Standards Forum, promoting an open metaverse with interoperability standards.

Written By Richa Bhagat Richa Bhagat
Published 2022-07-25·Updated 1 year ago
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Animoca Brands’ web3 DAO for Metaverse Interoperability is Live

A slew of web3 players partner to launch the ‘Open Metaverse Alliance’, or OMA3 web3 DAO. The majority of members have links to Hong Kong-based game software and venture capital firm Animoca Brands.

The project alliance includes Wivity, Space, Upland, Alien Worlds, Dapper Labs, Decentraland, The Sandbox, Splinterlands, Cryptovoxels, Meta Metaverse, Superworld, and Star Atlas.

We are incredibly excited to announce the Open Metaverse Alliance for Web3. Multiple virtual worlds have come together to solve key challenges of the metaverse and preserve the freedom of information owned by users. Stay tuned for announcements on https://t.co/nd6KfRxsis

— OMA3 (@oma3dao) July 21, 2022

OMA3 is the second metaverse interoperability group to have launched recently following the Metaverse Standards Forum on June 21.

“We believe in a metaverse without restraining walls, where individual platforms are interconnected and fully interoperable,” says OMA3 in a statement.

The OMA3 looks to offer groundbreaking solutions to the developing metaverse, such as user-owned information’s freedom.

“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. Users will immutably own these assets and transfer them to any OMA3 virtual worlds freely, without needing the platform’s permission,” states OMA3.

The DAO is open for joining for all blockchain-based metaverse entities. The MSF states OMA3 will join the former upon OMA3’s incorporation.

Subscribe to The Crypto Times for more Metaverse Insights!!

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Richa Bhagat - Content Editor at The Crypto Times
By Richa Bhagat
She is a full-time journalist who fits in as an Editor at The Crypto Times. She is only now beginning to spread her wings into the Crypto World. To feed her soul, you can find her smashing a DUNK or frolicking in the water. She usually caresses her fingers on Colors and Canvas when she isn't breaking them on the Keyboard. She is profoundly influenced by nature and the ethno-linguistically diverse Indian Subcontinent.

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