Skip to main content

Meta, Microsoft, and Others Launch Metaverse Standards Group

metaverse

Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable, which would ideally permit these worlds to communicate.

The Metaverse Standard Forum Is Born

While the metaverse is a loose concept that each company interprets and builds according to its own will, some think it is important to connect these individual worlds. This is why Meta, Microsoft, and other companies like Epic games, have gathered together to found the Metaverse Standards Forum, an organization created to promote the interoperability of these metaverses.

According to the launch PR statement:

[The body] will focus on pragmatic, action-based projects such as implementation prototyping, hackathons, plugfests, and open-source tooling to accelerate the testing and adoption of metaverse standards, while also developing consistent terminology and deployment guidelines.

The forum will not create standards by itself. The organization will act as a hub for the amalgamation of different Standards Developing Organizations (SDOs) in fields including VR, graphics, and interactions, among others.

The creation of such a group is seen by some as a statement about the consensus in these companies on the importance of creating open standards for the metaverse concept. About this, Neil Trevett, president of Khronos, an organization that is part of the group, stated:

The metaverse will bring together diverse technologies, requiring a constellation of interoperability standards, created and maintained by many standards organizations.

Some Important Absences

While the group states that it is an open organization, available for all interested groups free of charge, there are some big names that have not appeared in the group. Apple, one of the biggest tech companies in the world with an interest in VR and AR (augmented reality) technology, has still not joined the forum. Other significant gaming-based metaverses, like Roblox, have yet to join.

According to some experts, this shows that even with an organization promoting standards on the subject, the standardization of the metaverse, or the group of worlds composing the metaverse, will be a tough task given the diversity of companies that are building platforms oriented towards it.

What do you think about the creation of the first standardization group for the metaverse? Tell us in the comments section below.



from Bitcoin News https://ift.tt/yYHcsvT

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...