Hello OMA3,
Happy Lunar New Year! OMA3 has started the year with a big bang as we look to find innovative ways to recognize and reward our member contributions. This has been an amazing community and many of you have contributed to the continued progress and success of this burgeoning consortium. Read on for more deets and enjoy the first edition of the 2024 OMA3 newsletter!
In Today’s Email
- Member engagement redefined: Announcing the OMA3 token
- Introducing the Metaverse Reputation Protocol: call for participation
- OMA3 at NFT Paris and NFT.NYC: If you’re going to be there, stop on by
- What are our members up to? Lots of exciting launches and events
- A growing family: Announcing new members to OMA3 and membership promotions.
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Announcing the OMA3 token
We are taking the wraps off our plans to reward member contributions. Details can be found in the new token litepaper (access to Github required). The paper describes OMA3's token architecture and its evolution, focusing on incorporating DAO elements into its governance. The key elements are:
1. Reputation System: Member privileges are determined by reputation points, earned through contributions, with implications for access to various benefits.
2. Soul-Bound Tokens (SBTs): Members receive non-transferable SBTs for reputation tracking and voting, solidifying the shift from the common “one token/one vote” model in Web3 DAOs.
3. Fungible Tokens: Now included in the plan, fungible tokens will be used alongside SBTs within OMA3 operations. Fungible tokens will be distributed to members pro-rata based on reputation points.
4. Bounty System: This system allows members to propose and undertake work to earn reputation points.
These updates represent the latest in OMA3’s approach to enhance collaboration and member engagement in the Web3 space. If you're looking to get involved with OMA3 and earn reputation points, we have two exciting opportunities for you. Our first is an open call for proposals on the Inter World Portaling System. We've also just launched a request for proposals for our new token architecture. This is a great chance for your technology to be recognized and utilized by top-tier platforms in the Web3 and NFT space. For more details, please refer to our RFPs.
Introducing the Metaverse Reputation Protocol
We're starting a new project that's really going to make a difference in the metaverse, shining a light on the power of reputation. In a world where anonymity and AI are the norms, building trustworthy reputation is key. It's what builds trust among people and platforms in the metaverse. Reputation, in essence, is all the data linked to your digital identity, making it incredibly important not just in the metaverse but also in areas like KYC/AML, eCommerce, job markets, AI, and cybersecurity.
However, using reputation as a tool comes with its own set of challenges: figuring out who owns the data, how to trust it, who can share it, and how to keep it private. To really dive deep into these issues, we're teaming up again with the Metaverse Standards Forum. We're looking to gather a variety of viewpoints, from both Web3 and traditional sectors, as well as other standards bodies like the DIF and W3C. Our aim is to highlight how reputation can be a game-changer for the metaverse, ensuring it's a space where trust and opportunity thrive. To participate, please reach out directly to Alfred Tom. If you are not an OMA3 member, you can join the OMA3 community, or if you are a member of MSF, you can sign a participation agreement.
OMA3 at upcoming NFT events
Liteflow, My Neighbor Alice, together with Wert are joining forces to host a side event "NFTVerse: Web3 Beyond Digital Art" during NFT Paris February 23. They're extending a warm invitation to all OMA3 members for an exclusive evening that promises to redefine your understanding of NFTs. Set against the backdrop of the innovative NFT Factory on February 23rd, expect an evening filled with insightful talks and connections! Mark your calendars, registration is open: https://lu.ma/nftverse-nftparis
Dirk Lueth presenting at the OMA3 Happy Hour at last year’s NFT.NYC
NFT.NYC events put the most passionate speakers from the NFT Community on stage. OMA3 will be hosting our annual happy hour event at the NFT.NYC conference at 5:00pm EST on April 3, 2024. Keep tabs on future announcements for exact details. Check out last year’s event.
What are our members up to?
Credit: Midjourney
In the spirit of community-building (after all, the more the merrier), we include relevant news from our member community that support OMA3’s vision of a user-owned interoperable metaverse. This gives members an opportunity to make announcements to a new audience and to hear about what other members are doing. If you are a member of OMA3 and have news you feel is relevant to the OMA3 community, contact us at info@oma3.org.
- Africarare Ubuntu’s token debut on February 29, 2024, highlights Africa's entry into the Web3 era, aligning with OMA3's metaverse ecosystem goals. This milestone, amidst Africa's youth surge and fast development, signifies a key effort to utilize AI, mixed reality, and the metaverse for the continent's upliftment and global digital economy integration.
- In February 2024, Dacoco's CEO and Alien Worlds Co-Founder, Saro McKenna, will participate in the 'Inside the Mind of a Web3 Gamer' panel at NFT Paris. Dacoco also recently launched the Starblind comic book with LightningWorks, utilizing Kevin J. Anderson's Tokenized Lore, marking a step forward in decentralized storytelling in the Alien Worlds universe, supported by Galactic Hubs.
- Some significant news has come out of Magic Eden. They just launched a new cross chain wallet. In addition, they’ve open sourced their platform as well as contributing to the Non-Fungible DAO powered by $NFT token.
- Source Network’s launch of SourceHub's first public testnet represents a significant step forward, establishing a trust layer for database nodes and paving the way for secure, user-centric access control. Alongside, they've introduced Orbis, a multi-party computation secrets management engine, akin to a password manager for software secrets, to streamline the handling of sensitive information.
- David Iseminger, CEO and Co-Founder of IronWeave will be speaking at Democratize24, March 20-21 in San Francisco. David Iseminger's topic will be The Evolution of Data to Web3 and beyond.
- The MEWS Awards 2024, May 15 at 7pm, continues to see active participation from the OMA3 community and many OMA3 members have been awarded in previous years. For 2024, there are again Award Nomination Submissions from OMA3 members. Look for announcements shortly on Instagram and their Website www.theMEWS.world .
- Alfred Tom, CEO of Wivity, in a W3B podcast, discusses how governance has led to the successes and stumbles of various organizations, how governance can work in the Web3 Era, the rise of collaborative standards, and the vital role that foundations, associations, and consortia play in the emerging Web3 era.
A growing family
First and foremost, congratulations to Wivity on being nominated and elected to the Board of OMA3!
Wivity has been a long-standing member and founder and has been instrumental in the inception and growth of the consortium. Alfred Tom, CEO of Wivity and Executive Director of OMA3 states “Our commitment to the metaverse and creator community is unwavering and we see OMA3 as a key enabler for the truly open Internet. Joining the board is the next logical step in Wivity’s journey and we are proud to be a part of this community.”
The following companies have joined as Creator Members since our last newsletter. Let’s give them a hearty welcome to the community!
- Liteflow
- Roland Ringgenberg Technologies GmbH
- One Earth Rising
- Solitons Inc
- Ape Foundation
- Open World Inc.
- O-ZONE TECHNOLOGIES
- LTO Network
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Happy Holidays,
team
