Tech Giants Form Metaverse Standards Forum to Develop Software and Terminology Standards

Despite the crypto industry’s best efforts, the ‘metaverse’ as it exists right now is a centralized and siloed affair. That is why the Metaverse Standards Forum, a group of some of the largest names in gaming and software, was created. Their mission is to encourage interoperability and cross-compatibility within the space and to standardize terminology.

Meta (FB), Microsoft(MSFT), Nvidia/NVDA, Unity, Sony (6758), among other companies, are coming together to build an infrastructure for an interoperable metaverse.
According to a press release on Tuesday, the forum will focus on pragmatic, action-based projects and open-source tooling to accelerate the adoption of metaverse standards, while also developing consistent terminology and deployment guidelines.
Forum members are expected to work together to ensure that the development of metaverse is not dominated by one company, much like the development process for the web was led jointly by several stakeholders.
Although the forum features many prominent names from the gaming and software industries, they are missing Apple (AAPL), Niantic which created the popular augmented reality (AR), game Pokemon Go, as well as Roblox.
“Industry leaders have stated that the potential of the metaverse will be best realized if it is built on a foundation of open standards,” the forum said in a press release.
The forum will hold its first meeting in July.
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