The World Economic Forum has identified three critical components of a functioning metaverse: presence, interoperability, and standardization. As virtual and augmented reality experiences continue to evolve, it is crucial to incorporate interoperability and standardization into the Metaverse's foundation to avoid the creation of silos and walled gardens. The potential for the Metaverse to drive significant economic growth is vast, but we must create an open metaverse to realize this potential fully.