Decentralized Metaverse Initiative

It is generally agreed that the metaverse will have a profound impact on our daily work, play, and life, across all industries and sectors, reshaping the economy and society for all humankind. However, there is much hype, confusion, and misunderstanding about the metaverse in the market and in the public. Most of them come from the efforts of promoting the concept of the decentralized metaverse and other confusing but different concepts (e.g., NFT, Web3). Such chaos is creating unnecessary barriers to the healthy growth of metaverse development and adoption.

The motivation of this initiative is to provide guidelines and reference implementations for decentralized metaverse that could not only collaborate on creating, and capitalizing intellectual properties and virtual assets in decentralized ways, but also benefit from other features of decentralization in the economy and governance of decentralized metaverses.

The end goal of this initiative is to enable and endorse the economy and governance infrastructure for decentralized metaverses. Specific goals will include white papers, reports, proposals for standards, workshops, reference implementation based on open-source development, conformity programs, certification authorities, and license trademarks.

The different groups of individuals and entities invited to participate in this activity will include but not be limited to businesses related to intellectual properties and non-fungible assets, especially those who are engaged in the emerging “metaverse” market.

To learn more about the program and how to join the Decentralized Metaverse Initiative activity, please express your interest by sending an inquiry to the activity chair whose information can be found in the Contacts section.