The document provides an update on the Open Annotation Collaboration (OAC) and its work to develop standards for annotating scholarly resources. It summarizes the OAC data model, which aims to enable interoperability of annotations across systems through a common model. It describes elements of the model including the basic components of annotations, relationships, types, and ways to represent segments or constraints. It discusses ongoing work by OAC in Phase 2 to engage with users, deploy implementations, and refine the model based on experience.