Tech Giants Unite to Create a Common Metaverse Policy

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Meta and more than 30 other major metaverse content companies are uniting in the Forum to strategize globally for the virtual world.

Meta, Microsoft, Nvidia, Unity, Sony and 30 other companies have teamed up to create the infrastructure for an interoperable metaverse. The forum will focus on open source projects and tools to accelerate the adoption of metaverse standards, as well as the development of consistent terminology and guidelines for its deployment.

One of the goals of the Forum is to ensure that no single company dominates the development of the Metaverse in the same way that several stakeholders led the development of the Internet in the past.

“The potential of the Metaverse will be best realized if it is built on open standards,” the press release said.

According to the forum participants, the efforts of the crypto industry in the metaverse in the form in which it exists now is a centralized and fragmented business community. That’s why some of the biggest brands in games and software have come together to create the Metaverse Standards Forum.

At the same time, many large companies that are working on creating content for the metaverse refused to join the Forum. Among them are such giants as Apple, Niantic, which developed the popular augmented reality game Pokémon Go, and Roblox Corporation, the creator of the gaming product of the same name.

The Forum plans to hold its first meeting in July. It is not yet reported whether representatives of the authorities will be invited to the event, or whether it will be held in a narrow corporate circle.

Not only business, but also the authorities of some countries are interested in a single vision of the development of the metauniverse. In early June, South Korea’s Ministry of Science and NIPA offered $117.1 million in financial support to companies creating content for the metaverse.

Source: Bits

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