- Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Alibaba Group Holding Limited (NYSE:BABA), and other tech giants striving to build the emerging metaverse concept have formed a group to foster the development of industry standards.
- The initiatives look to make the companies' nascent digital worlds compatible.
- The Metaverse Standards Forum includes leading companies working in the space, from chip makers to gaming companies, and established standards-setting bodies like the World Wide Web Consortium (W3C).
- Apple Inc (NASDAQ:AAPL) strangely missed the members' list, Reuters reports. Analysts touted Apple as a dominant player in the metaverse race, pending launching a mixed reality headset.
- Interestingly, Apple CEO Tim Cook recently confirmed the iPhone maker's foray into the domain.
- Meta had disclosed plans for launching a mixed-reality headset code-named "Cambria" in 2022.
- Gaming companies Roblox Corp (NYSE:RBLX) and Niantic and emerging crypto-based metaverse platforms like The Sandbox or Decentraland were missing from the list.
- Meta chief Mark Zuckerberg defined the metaverse as an online world for solo participation in immersive experiences like attending concerts, purchasing digital goods, and communicating via avatars.
- Zuckerberg saw the migration from online social media to a virtual world as the key to winning younger audiences.
- Photo via Pixabay
