Animoca Brands Creates DAO for a better metaverse world. In recent news, several WEB3 companies have joined to work called OMA3. Here’s what you need to know about OMA3 and DAO.
Animoca Brands Launches DAO to Develop Metaverse Standards.
— Kyrill Krystallis (@mrkrystallis) July 23, 2022
OMA3 stands for the Open Metaverse Alliance for Web3. The purpose is “to solve key challenges of the metaverse and preserve the freedom of information owned by users.” Other WEB3 names that join Animoca Brands are Alien Worlds, The Sandbox, Decentraland, Dapper Labs, Star Atlas, and others.
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
— Open Metaverse Alliance for Web3 (@oma3dao) July 21, 2022
Alien World stated on Twitter that OMA3 “to jointly address interoperability challenges of the industry.”
🥁 D-Rum Roll Please…
Exciting news, Explorers!
"Leading blockchain-based virtual world platforms announce the Open Metaverse Alliance for Web3 "OMA3" to jointly address interoperability challenges of the industry"#OMA3 #NFTCommuntiy @Metaverse_Forumhttps://t.co/YdEWZgvEbp pic.twitter.com/FUNBCUTA6Q
— Alien Worlds Official (@AlienWorlds) July 21, 2022
These names are not the only ones that formed a metaverse alliance. There is also the Metaverse Standards Forum, which includes Alibaba, Sony, Microsoft, and Meta.
OMA3 and DAO
OMA3 stated on its official website that it “is a DAO (decentralized autonomous organization) that operates like a consortium.” DAO usually uses WEB3 tools in an online-based community and uses crypto or token to give incentive. One of the goals is “true ownership and real-time interoperability.”
OMA3 also wanted to make a unified system in the metaverse world. In it, the digital assets, identities, and data are permissionless. Users would be able to take control. They also would be able to use these assets and transfer them to any OMA3 world.
The joint project is exciting news for the metaverse community. It allows the metaverse to improve and use more technology to operate effectively in the industry.
To add the information, Animoca Brands is a Hong Kong-based digital entertainment, blockchain, and gamification company.
TAGS: Animoca Brands, WEB3, DAO