BUILDING THE USER OWNED METAVERSE

The scope of the asset transfer working group ("ATWG" or the "Working Group") is to monitor, analyze, and assess the asset transfer environment surrounding Web3 products, services and solutions; and develop and maintain asset transfer specifications.

Within the boundaries of its scope, the working group will:

• Specify requirements for (and possibly lead implementation of) infrastructure for transferring digital assets between virtual worlds;
• Specify metadata for describing assets;
• Develop general guidance, and suggested best practices, and certification programs;
• Engage in shared research and analysis; Remain appraised and provide periodic reports to the Board on developments in the relevant asset transfer environment;
• Produce supporting documentation.

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The scope of the Ecosystem Working Group ("EWG" or the "Working Group") is to establish, foster and maintain relationships and explore and develop avenues for cooperation with similar organizations, such as, in particular, without limitation:

• Metaverse Standards Forum
• Crypto Valley Association

Within the boundaries of its purpose, the Working Group shall:

• Reach out to organizations relevant to its purpose;
• Attend and participate in events organized by, in collaboration with or under the or patronage of such relevant organizations;
• Directly engage with such organizations and/or the key parties within; maintain a view and understanding of their initiatives and activities within the areas relevant to OMA3;
• Explore and develop avenues to cooperate with the relevant actors.

The scope of the NFT Working Group (NFTWG) is the development and maintenance of NFT specifications, and related deliverables, as assigned by the Board of Directors.

The NFTWG activities are:

• Specify and develop solutions that improve the functionality, usability, and security of NFTs.
• Create specifications and develop solutions for NFT royalties.
• Harmonize NFT licenses, such as copyright.
• Create strategies for reducing NFT fraud and develop specifications and solutions to implement strategies.
• Recommend best practices for minting, purchasing, and using NFTs.

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The scope of the Portaling and Mapping Working Group (PMWG) is the development and maintenance of portaling and mapping specifications, and related deliverables, as assigned by the Board of Directors.

The PMWG activities are:

• Specify and develop solutions that allow the creation of two-way portals between each other's worlds to enable rapid travel of users and/or avatars between content-dense world experiences. Such solutions may include portaling animation;
• Specify and develop the spatial information highway, including two-way passing of spatial information, discovery/exploration/indexing of experiences and related solutions;
• Specify the construction of "embassies" of partner worlds in each other's experiences;
• Specify or recommend best practices for an API that could be tested on multiple virtual worlds.

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The scope of the Token Working Group (TWG) is to spec, develop, and launch OMA3 tokens.

The TWG activities are:

• Continue to develop the concepts introduced in the OMA3 SBT Litepaper.
• Discuss and write additional whitepapers.
• Write token implementation specifications.
• Manage the development of software to implement token specifications.
• Deploy infrastructure in support of token specifications.
• Maintain and update code and infrastructure for OMA3 tokens.

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