(Note that some self-described “open” standards are not royalty-free, only RAND-licensed by somebody’s definiton of “R” and “ND”. And some don’t have their text available free of charge, either, let alone have a development process open to all comers. I believe the only thing the phrase “open standard” reliably implies at this point is that access to the text does not require signing an NDA.
DisplayPort in particular is royalty-free—although of course with patents you can never really know—while legal access to the text is gated[2] behind a VESA membership with dues based on the company revenue—I can’t find the official formula, but Wikipedia claims $5k/yr minimum.)
[1] https://hackaday.com/2023/07/11/displayport-a-better-video-i...