This month: More than one scary metaverse world, and it’s not even October!
No. 5: Open Metaverse Alliance for Web3 (OMA3)
A group of leading blockchain-based metaverse companies, spearheaded by Animoca Brands, formed a consortium to develop an open and interoperable metaverse. The members include The Sandbox (which is owned by Animoca), Decentraland, Dapper Labs and Cryptovoxels, among others. These companies will collaborate to build infrastructure for the ideal vision of the metaverse, which promises to grant users full ownership of their assets and the ability to move these assets between worlds without permission from platforms.
The group is called Open Metaverse Alliance for Web3 (OMA3) and will operate as a decentralized autonomous organization (DAO). Members will retain governance over the group’s decisions and plans. OMA3 also invites any other blockchain-based metaverse platform to join. The requirement of a blockchain foundation protects the group from other self-proclaimed metaverse platforms that are actually centralized. These platforms also formed their own open metaverse coalition last month, including Microsoft, Meta and Epic Games.