{"id":23797,"date":"2023-10-18T12:47:15","date_gmt":"2023-10-18T12:47:15","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/web3-titans-join-open-metaverse-alliance-to-fix-nft-pitfalls\/"},"modified":"2023-10-18T12:47:16","modified_gmt":"2023-10-18T12:47:16","slug":"web3-titans-join-open-metaverse-alliance-to-fix-nft-pitfalls","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/web3-titans-join-open-metaverse-alliance-to-fix-nft-pitfalls\/","title":{"rendered":"Web3 Titans Join \u2018Open Metaverse Alliance\u2019 to Fix NFT Pitfalls"},"content":{"rendered":"
In an effort to safeguard digital artists\u2019 earnings on NFT marketplaces and boost Metaverse initiatives, the \u2018Open Metaverse Alliance\u2019 (<\/span>OMA3<\/span><\/a>) \u2014 notably run by Animoca Brands\u2019 CEO, Rob Yung and UpLand\u2019s Co-CEO, Dirk Lueth \u2014 has established a weighty working group.<\/span><\/p>\n OMA3\u2019s collaborative team consists of several leading blockchain, NFT, and Metaverse companies, including the famous Bored Ape Yacht Club\u2019s Yuga Labs, Magic Eden, Alien Worlds, The Sandbox and Decentraland.<\/span><\/p>\n Together, these Web3 powerhouses are on a joint mission to triumph over ongoing NFT and Metaverse-related dilemmas. One of its core aims includes creating international standards for NFT marketplaces that member companies consent to uphold in a bid to bring original creator shares back into full force.\u00a0<\/span><\/p>\n Announcing OMA3’s defense of NFT creator royalties, including the support of @MagicEden<\/a>, @yugalabs<\/a>, @animocabrands<\/a>, and the rest of our fantastic membership. We welcome the #NFTCommunity<\/a> to join OMA3 and reinforce our efforts. @decryptmedia<\/a>: https:\/\/t.co\/pOyQJ81pOp<\/p>\n\n