We study rigidity and stability of infinite dimensional algebras which are not subject to the Hochschild-Serre factorization theorem. In particular, we consider algebras appearing as asymptotic symmetries of three dimensional spacetimes, the bms 3 , u(1) Kac-Moody and Virasoro algebras. We construct and classify the family of algebras which appear as deformations of bms 3 , u(1) Kac-Moody and their central extensions by direct computations and also by cohomological analysis. The Virasoro algebra appears as a specific member in this family of rigid algebras; for this case stabilization procedure is inverse of the Inönü-Wigner contraction relating Virasoro to bms 3 algebra. We comment on the physical meaning of deformation and stabilization of these algebras and relevance of the family of rigid algebras we obtain.

We construct certain Steinberg groups associated to extended affine Lie algebras and their root systems. Then by the integration methods of Kac and Peterson for integrable Lie algebras, we associate a group to every tame extended affine Lie algebra. Afterwards, we show that the extended affine Weyl group of the ground Lie algebra can be recovered as a quotient group of two subgroups of the group associated to the underlying algebra similar to Kac-Moody groups.

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