Metaverse Stocks: Facebook, Microsoft, Nvidia Form Standards Group

A diverse array of companies and standardization organizations announced on Tuesday the formation of a new group to oversee the development of the metaverse. The news was positive for some metaverse stocks.




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The Metaverse Standards Forum, hosted by the Khronos Group, hopes to establish interoperability standards for the predicted metaverse. The metaverse is a future version of the Internet with immersive three-dimensional virtual worlds that replace static two-dimensional websites.

The metaverse encompasses a range of collaborative spatial informatics technologies. Those technologies include interactive 3D graphics, augmented and virtual reality, digital twins, online economies, multi-user gaming and more.

Industry leaders believe the metaverse’s potential will not be realized unless it is built on a foundation of open standards. The Forum plans to start meeting in July.

Metaverse Shares Represented in New Group

Companies considered metaverse stocks that have joined the new group include Facebook parent company MetaplatformsMETAMicrosoftMSFTNvidiaNVDA) and Unity softwareyou

Other companies on board as founding members include: AdobeADBEAlibabaBABAAutodeskADSK), epic games, Ikea, QualcommQCOMSonySONY) and way fairW

“The metaverse will bring together different technologies, requiring a constellation of interoperability standards created and maintained by many standardization organizations,” Khronos president Neil Trevett said in a statement. press release† Trevett is also vice president of developer ecosystems at Nvidia.

He added, “The Metaverse Standards Forum is a unique venue for coordination between standardization organizations and industry, with a mission to advance the pragmatic and timely standardization that will be essential for an open and inclusive metaverse.”

Remarkable company missing from group

A notable company usually listed with metaverse stocks, RobloxRBLX), is not among the first members of the group.

On the fair todaymetaverse shares up on the news included Microsoft, Nvidia and Unity. However, Meta stock fell despite a rally in technical stocks on Tuesday.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories about consumer technology, software, and semiconductor stocks.

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