Biggest Metaverses Unite with the launch of Open Metaverse Alliance For Web3 (OMA3)

October 6, 2023

2 min read

Open Metaverse Alliance for Web3 (OMA3) has been launched collaboratively by several prominent blockchain-based companies and big metaverse platforms. Some of the companies include ‘The Sandbox‘, ‘Decentraland‘, ‘Animoca Brands‘ and ‘Upland’. To summarise, the goal of the organisation is to steer the evolution of the metaverse in a direction that aligns with some of the core principles of Web3.

To clarify, OMA3 is a group of big web3 brands looking to build the user-owned metaverse.

About OMA3

The Open Metaverse Alliance for Web3 (OMA3) has been created to avoid the negatives from web2 making their way into web3 and the metaverse. The organisation believes in “a metaverse without restraining walls, where individual platforms are interconnected and fully interoperable”. Contrastingly, some others believe that the metaverse should be closed off, with walled gardens. This extreme alternative is comparable to the current status of web2, which is what OMA3 is trying to avoid.

OMA3 is set to be structured as a DAO that operates like a consortium. The members of this group include some of the biggest names in web3 at this time. For those who share the beliefs of OMA3, this is certainly a positive. With all of these brands coming together, it becomes more likely that the future of web3 looks as they believe: decentralization and togetherness at the same time.

Their key principles are interoperability, standardisation, and ownership. Some of the projects that they are working on include cross-platform standards. As well as this, transferrable metaverse identities, and portals between worlds, to name a few.

Some of the Companies involved

The group is made up of the biggest companies currently operating in the web3 space.

For a full list of the companies involved, and an idea of what OMA3 is trying to do, you can visit their website. They are also trying to bring on more organizations that share the same goals and mindset. Because of this, they have a ‘Join the Community’ contact form.

Zander Brown

Zander Brown is a freelance journalist with a keen interest in the dynamic world of altcoins. He closely follows the development and evolution of cryptocurrencies beyond Bitcoin, analyzing market trends and investigating the potential impact of these emerging projects on the broader crypto ecosystem.

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