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Tag: OMA3

Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To  Settle Interoperability Issues
Blockchain

Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To Settle Interoperability Issues

In an attempt to overcome the issue of interoperability in the industry, the blockchain-based metaverse and web3 platforms have come to a common point to form an Open Metaverse Alliance for Web3 (OMA3). The alliance is said to have four fundamental principles which include: TransparencyInclusivenessDecentralizationDemocratization Open Metaverse Alliance for Web3 will be founded as a DAO, Decentralized Autonomous Organization to aid a governance system that is “transparent and user-centric.” It will aim its efforts on specific metaverse-related topics, such as standards for non-fungible tokens (NFTs), protocols, transferable identity, portals between virtual worlds, mapping, and indexing. Read Also: Ripple User, Airwallex To Launch Its Online Payment App on Shopify. Read A...