History’s First Great Metaverse Deal Made

We have left behind a period when the developments in virtual, augmented and mixed reality technologies peaked and the concept of “metaverse” entered our lives, although it has not yet been clearly defined. This process, which started with Facebook changing its name to Meta, made its impact felt in many areas, especially in cryptocurrencies.

However, as with every unpredictable innovation, there were serious confusions during the rise to the metaverse. After 11 out of 10 people suddenly become metaverse experts, numerous crypto and blockchain-based scams, inconsistent attempts of companies entering this field with the gas of the old Facebook Meta, and most importantly, countless biological, sociological and psychological discussions, the expected moment has finally come: Metaverse Standards Forumwas officially established at the initiative of many pioneering companies.

The founding members of the Metaverse Standards Forum, in Turkish, “Metaverse Standards Forum”:

• 0xSenses
• Academy Software Foundation
• Adobe
• Ali Dad
• Autodesk
• avatar
• blackshark.ai
• CalConnect
• Cesium
• Daly Realism
• disguise
• Enosema Foundation
• Epic Games
• Express Language Foundation
• Huawei
• IKEA
• John Peddie Research
• Khronos (Managing member)
• Laminate1
• Maxon
• Meta
• Microsoft
• NVIDIA
• OpenAR Cloud
• Open Geospatial Consortium
• auto
• Perey Research and Consulting
• Qualcomm Technologies
• ribose
• Sony Interactive Entertainment
• Spatial Web Foundation
• Unity
• VerseMaker
• Wayfair
• Web3D Consortium
• World Wide Web Consortium
• XR Association (XRA)

In the list above, we have highlighted the important companies and organizations, which are dominated by large masses in Turkey, in bold type. In addition, all the ones on the list belong to the Metaverse Standards Forum. founding member in position. Of course, there will be some later additions to this forum.

For what purpose was the Metaverse Standards Forum established?

Removing the confusions that caused the discussions about Metaverse will pave the way for initiatives and technologies to be made in this field. “open source” co-working spaces to be able to build. Similar organizations are also being established in technological areas such as the internet, Wi-Fi or Bluetooth. For example, the standards of Wi-Fi 6 technology Wi-Fi Alliance determines the organization.

The main purpose of this first major organization built on the Metaverse is quite clearly to enable “developers to build cross-platform systems”. for example Decentraland The cryptocurrency used in the metaverse universe named MANA is used in the Horizon Worlds universe of Meta as well, making it easier for Ethereum to be accepted as a valid currency in all universes… Of course, creating economic common areas is not the only thing these standards and the forum provide.

In the metaverse universes, there is no limit to digital assets acquired in exchange for money or – if it’s a game – missions. It could be a costume purchased for a digital character, a plot, even a yacht… Even a digital character itself is an entity. However, for an entity to be valid only in one universe, the metaverse an “above-platform” technology market prevents its creation. In a way, this agreement transforms the concept of metaverse into an umbrella structure like the internet.

To sum up, the Metaverse Standards Forum is not a conclusion, it is intended to be the starting point, the reason for creating new and more massive metaverse technologies. For this reason, its purpose is only “Let’s buy and sell land, let me advertise” may remain too abstract in the eyes of end users and companies who say so.

Participating in the Metaverse Standards Forum is and will always be free: So what awaits the participants?

“Help us Open Build the Open Metaverse” In other words, for-profit companies, non-profit institutions and organizations, associations, foundations and even universities can participate in the forum, which was established with the call of “Help us to build the Open Metaverse”.

There are 2 levels of membership in the forum: Participant (Participant) and Principal Member (Principal). Participating members will be able to play a role in forum discussions and projects within the scope of the organization. The Main Members will be the members who fund the forum projects and are the quarterbacks of the forum. Those who want to evaluate the membership can access more details from the link here.

Who runs the Metaverse Standards Forum?

Metaverse Standards Forum official logo, 2022

It sets the standards in the field of 3D graphics technologies, of which 160 different companies are members. Kronos Consortiumwill be the administrator of the forum. In other words, the management of the organization is not entrusted to a for-profit company such as Meta or Epic Games, ensuring impartiality and making competition sustainable It is clear that this choice has been made. The management of similar organizations is also done in this formula.

Neil Trevett, President of the Kranos Consortium “The Metaverse Standards Forum will be driven by a mission to promote the pragmatism and standardization necessary for the ‘open and inclusive metaverse’. It will be a unique place for coordination between standards bodies and industry.” made a statement.

In other words, the Metaverse Standards Forum, It will work like the Turkish Standards Institute (TSE) in Turkeywill be the umbrella institution that sets the standards for all innovations and technologies in the metaverse field. For example, you will have the right not to trust a metaverse company that is not a member of this forum.

The Metaverse Standards Forum is starting its first meetings in July 2022. By participating in these meetings, the participating members will have the right to express their opinions, present reports and contribute to the development of the ecosystem. In the further process, it is easy to solve the problems about the metaverse and to apply the standards within the scope of the forum. mass events like hackhaton will be arranged.