Japanese companies establishing a joint enterprise.
A total of 13 Japanese companies are joining forces to establish a joint enterprise known as the "VRM Consortium" in February 2019. The aim is to develop an international virtual reality business that has a special focus on 3D avatars.
Another objective of the enterprise is to advocate the file format "VRM" (based on gITF2.0) in the hope it can become the standard file format for 3D human models featured in Virtual Reality. This format is reportedly platform-independent, free to use and open-source. The companies involved, hope it will make the creation process easier for video game designers, virtual YouTubers and other projects that utilise this type of technology. The enterprise also intends to expand this initiative beyond Japan.
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