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Web3 brands join forces to create ‘Open Metaverse Alliance’

on Jul 22, 2022 | 0 comments

By Webb Wright

The ‘consortium DAO’ — comprised of some of the leading Web3 brands, including The Sandbox and Decentraland — will aim to foster inclusiveness, transparency, decentralization and interoperability in the metaverse.

Several prominent blockchain-based companies have collaboratively launched the Open Metaverse Alliance for Web3 (OMA3), an organization designed to steer the evolution of the metaverse in a direction that aligns with some of the core principles of Web3 — namely inclusiveness, transparency, decentralization and interoperability.

Interoperability — the ability of multiple blockchains to coexist, cooperate and share information seamlessly with one another — has long been a thorn in the side of the Read full story ›

Source: The Drum