The goal Microsoft and 33 other technology-heavy companies have entered into a subscription agreement with the aim of creating an open and interoperable metaverse. But the leading voices in cryptography are not convinced.
This Tuesday (June 21) 35 technology companies, including big names such as; Microsoft, Meta (formerly known as Facebook), Alibaba and Sony have announced their founding membership in an organization calling itself the Metaverse Standards Forum.
Meta Microsoft and other tech giants guarantee that the metaverse will open
The forum's big tech conglomerates say they've come together to set standards for creating an "open and inclusive metaverse." While technology critics from around the world believe that the metaverse will be built on open, permissionless blockchain networks – they say there is reason to be skeptical.