A diverse set of companies and standards organizations on Tuesday announced the formation of a new group to monitor the development of the metaverse. The news was positive for a number of actions in the metaverse.
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Hosted by the Khronos Group, the Metaverse Standards Forum hopes to establish interoperability standards for the projected metauniverse. The metaverse is a future version of the Internet with immersive 3D virtual worlds, replacing static 2D websites.
The metauniverse encompasses a number of technologies in the field of collaborative spatial computing. These technologies include interactive 3D graphics, augmented and virtual reality, digital twins, online economies, multiplayer games and more.
Industry leaders believe that the potential of the metauniverse will not be realized unless it is built on open standards. The forum plans to begin its meeting in July.
Metaverse shares presented in a new group
Companies considered to be metaverse stocks that have joined the new group include Facebook’s parent meta-platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Unity Software (U).
Other companies on board as founding members include Adobe (ADBE), Alibaba (BABA), Autodesk (ADSK), Epic Games, Ikea, Qualcomm (QCOM), Sony (SONY) and Wayfair (W).
“The metaverse will bring together a variety of technologies that require a constellation of interoperability standards created and maintained by many standards organizations,” Khronos President Neil Trevet said in a press release. Trevet is also vice president of developer ecosystems at Nvidia.
He added: “The Metaverse Standards Forum is a unique place for coordination between standardization organizations and industry, with a mission to promote pragmatic and timely standardization, which will be essential for an open and inclusive metaverse.
A well-known company is missing from the group
One notable company, usually listed with shares of metaverse, Roblox (RBLX), is not among the first members of the group.
In today’s stock market, news stock metaverses include Microsoft, Nvidia and Unity. However, shares of Meta fell despite the rise in technology shares on Tuesday.
Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor supplies.
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