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- Technology giants come up together for the development of Metaverse Standard.
- Microsoft, Alibaba, Meta, and Sony Group Collectively founded Metaverse Standard Forum.
A massive collaboration of giant Web3 firms is planning to enter the Metaverse industry and will build a borderless Metaverse that will be coined OMA3.
Collaborating firms collectively aim to solve a major problem faced by Nascent Metaverse that will also include preserving data owned by the users of the Metaverse.
The Firms that come up together for the Development of borderless Metaverse are Animoca Brand, including Alien world, Star Atlas, The Sandbox, and Dapper Labs.
Although Animoca Brand is already working on Web3 projects and the collaboration has the DAO Framework Wivity developer firm, a Game development, Virtual reality, and Blockchain games development company headquartered in Upland.
The information on collaboration with other firms on the development of OMA3 was posted on Allien world’s official social media account(Twitter Handle).
ALSO READ – Coinbase refused to accept SEC’s claim of “Nine Ethereum-Based Altcoins Are Securities.”
The information on the development of the new Blockchain based firm comes on top of the announcement of another metaverse known as Metaverse Standard Forum.
Metaverse Standard Forum is collectively founded by global tech and other sector giants Like Microsoft, Alibaba, Meta(Popularly known as Facebook), and Sony Group.
Open Metaverse Alliance said that it welcomes all Blockchain metaverse companies to come up and join the path of development of OMA3.
Conclusion
Metaverse is a new concept, but it is gaining popularity in the Present Era because of its unique features and diversification. Microsoft is using its experience in the tech sector for the development and betterment of the metaverse sector. Moreover, Facebook is also expanding its foot in the metaverse industry because they have vast experience in the social media industry and know about the user needs.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
