The Metaverse Standards Forum 3D Asset Interoperability Domain Group along with the Alliance for Open USD (AOUSD) are enabling cooperation between the USD and glTF communities to build synergies and reduce overlaps, gaps, fragmentation, and industry confusion. Developers building tools and platforms with USD and integrating the popular glTF standard will share the state of these 3D initiatives and how they can benefit each other. Join us to explore expanding the scope of 3D asset definitions to include behaviors, sound, physics, and scene composition and discuss how different standards organizations, open source projects, and commercial companies are converging towards a shared material representation for the open metaverse.