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Meta and other tech giants form metaverse standards body, without Apple

By Katie Paul (Reuters) - Meta, Microsoft (NASDAQ:MSFT) and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry...
Meta and other tech giants form metaverse standards body, without Apple © Reuters. The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann

By Katie Paul

(Reuters) - Meta, Microsoft (NASDAQ:MSFT) and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.

Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies, as well as established standards-setting bodies like the World Wide Web Consortium (W3C), the group said in an statement announcing its creation on Tuesday.

Conspicuously missing from the member list for now however is Apple (NASDAQ:AAPL), which analysts expect to become a dominant player in the metaverse race once it introduces a mixed reality headset this year or next.

Gaming companies Roblox and Niantic also were not included among the forum's participants, nor were emerging crypto-based metaverse platforms like The Sandbox or Decentraland.

Apple has not yet publicly acknowledged plans for a headset, although it has reportedly given its board a sneak peek of the product, according to Bloomberg. It did not immediately respond to a request for comment about the new metaverse forum.

Introducing such a device would put Apple in direct competition with Meta, which has staked its future on the growth of the metaverse and invested heavily in hardware to make its vision of interconnected virtual worlds a reality.

Meta, known as Facebook (NASDAQ:META) until it changed its name as part of its metaverse pivot last year, has disclosed plans for a mixed-reality headset code-named "Cambria" to be released this year.

Apple has been heavily involved in creating web standards such as HTML5 in the past. For three-dimensional content in the metaverse, Apple worked with Pixar on the "USDZ" file format and with Adobe (NASDAQ:ADBE) to ensure it supported the format.

Neil Trevett, an executive at chip maker Nvidia (NASDAQ:NVDA) who is chairing the Metaverse Standards Forum, said in a statement to Reuters that any company is welcome to join the group, including participants from the crypto world.

The forum aims to facilitate communication between a variety of standards organizations and companies to bring about "real-world interoperability" in the metaverse, he said, without addressing how Apple's absence would affect that goal.

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30-06-2022 19:59:51 (UTC+7)

EUR/USD

1.0399

-0.0040 (-0.38%)

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EUR/USD

1.0399

-0.0040 (-0.38%)

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GBP/USD

1.2123

-0.0002 (-0.02%)

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USD/JPY

136.16

-0.41 (-0.30%)

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AUD/USD

0.6894

+0.0013 (+0.19%)

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1.2904

+0.0013 (+0.10%)

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EUR/JPY

141.59

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0.9961

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1,824.55

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229.18

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Euro Stoxx 50

3,426.95

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3,818.83

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12,665.44

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7,152.25

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21,859.79

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US Small Cap 2000

1,719.37

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 EUR/USD1.0399↑ Buy
 GBP/USD1.2123↑ Buy
 USD/JPY136.16Buy
 AUD/USD0.6894↑ Buy
 USD/CAD1.2904Neutral
 EUR/JPY141.59↑ Buy
 EUR/CHF0.9961Buy
 Gold1,824.55↑ Buy
 Silver20.552↑ Buy
 Copper3.7067↑ Buy
 Crude Oil WTI109.43↑ Buy
 Brent Oil112.08Buy
 Natural Gas6.416↑ Sell
 US Coffee C229.18↑ Sell
 Euro Stoxx 503,426.95↑ Sell
 S&P 5003,818.83↑ Buy
 DAX12,665.44↑ Sell
 FTSE 1007,152.25↑ Sell
 Hang Seng21,859.79Sell
 Small Cap 20001,719.37Neutral
 IBEX 358,021.50↑ Sell
 BASF40.120Neutral
 Bayer56.48Sell
 Allianz180.76Neutral
 Adidas167.01Neutral
 Lufthansa5.458↑ Sell
 Siemens AG97.81↑ Sell
 Deutsche Bank AG8.254↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
(5/ 5) # 1,764
SJC HCM6,830/ 6,890
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SJC Hanoi6,830/ 6,892
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SJC Danang6,830/ 6,892
(10/ 0) # 1,785
SJC Nhatrang6,830/ 6,892
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SJC Cantho6,830/ 6,892
(10/ 0) # 1,785
Cập nhật 30-06-2022 19:59:53
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RON 95-V33.47034.130
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EUR23.704,3925.032,07
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JPY165,73175,46
KRW15,5118,90
Cập nhật lúc 18:51:16 30/06/2022
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