Meta Open Standards

Phil: Some good news on the horizon. We talked about this a couple months ago that if in fact the metaverse was gonna be as successful as people are proclaiming, there needed to be standards. And now, basically there's something called the metaverse standards forum, which is open to any organization, no costs. And they're gonna focus on pragmatic action based projects, such as implementation, prototyping, hackathons, plugfests, and open source tooling to accelerate the testing and adoption of metaverse standards while also developing consistent terminology and deployment guidelines. I think this is a huge step forward, but the problem is that apple is not part of it yet. Hopefully they'll come in, Niantic and Roblox, which are games and virtual worlds. 

Phil: They're not in either. So three of the largest companies are not part of this and that has me a little concerned, hopefully they're gonna come in, but again, we don't wanna get into the situation that we saw with VHS and beta, for example, that there's standards over here for one and there's standards over here with a different manufacturer, because that's gonna slow things down.