Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
World
Anusuya Lahiri

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

  • 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
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.