Recently, the JPEG2000 committee (ISO/IEC JTC1/SC29/WG1) decided to start up a new standardization activity to support the encoding of volumetric and floating-point data sets: Part 10 - Coding Volumetric and Floating-point Data (JP3D). This future standard will support functionalities like resolution and quality scalability and region-of-interest coding, while exploiting the entropy in the additional third dimension to improve the rate-distortion performance. In this paper, we give an overview of the markets and application areas targeted by JP3D, the imposed requirements and the considered algorithms with a specific focus on the realization of the region-of-interest functionality.