Who wants to be stuck in a company’s metaverse meeting room when your favorite band is performing in the next metaverse over? Virtual reality offers an exciting promise: we, as our awesomely chill avatars, can excuse ourselves from a work meeting, take a few virtual steps over to Concert Land, buy a ticket, and join a fun new experience in 60 seconds or less.

Unfortunately, it’s not quite so simple yet. We can’t jump from one virtual world to another without first going through several time-consuming processes. We might need to log out of our current space, create a new account in the following location, create a new avatar, exchange our current virtual currency for the currency that works in the new area, and leave behind objects bought in other places. 

Avoiding that hassle is one reason organizations like the Metaverse Standards Forum and the Open Metaverse Foundation strive to develop open standards and software that support a fully interoperable metaverse. 

What Will Common Standards Accomplish For The Metaverse?

Common standards will allow various virtual reality platforms to communicate with each other and work together seamlessly without any compatibility issues. This is an essential step forward. 

By establishing guidelines for interoperability, we can create a more integrated virtual reality ecosystem that benefits everyone. The standards will likely include aspects like: 

• A common language for virtual reality applications and interfaces 
• A standard format for 3D models and textures 
• Paradigms for how virtual objects should interact with each other
• Identity management and financial transaction verification standards.

source: https://abovethelaw.com/2023/04/what-metaverse-standards-could-mean-for-the-future-of-law/