India’s Metaverse Rise: Gateway to Opportunities
- By Roshan Singh
- - August 3, 2023
India’s well-positioned to lead in the rapidly growing metaverse market.The country has a large and growing population of internet users, and a young and tech-savvy workforce.
Moreover, India’s rich history and culture offer valuable leverage to create exceptional and immersive metaverse experiences.
The metaverse is a virtual world where people can interact with each other and with digital content. It is still in its early stages, but it has the potential to revolutionize the way we live, work, and play.
Some examples metaverse being used today:
Gaming: Gaming platforms like Roblox and Fortnite actively leverage the metaverse for immersive gaming experiences.. In these games, players can interact with each other in a virtual world.
Education: The metaverse is being used for education, such as Second Life and Classcraft. In these platforms, students can learn about different subjects in a virtual world.
Business: The metaverse is being used for business, such as Decentraland and Somnium Space. In these platforms, businesses can create virtual stores and hold virtual events.
Large and growing internet user base: India has a population of over 1.4 billion people, and the number of internet users in the country is growing rapidly. This means that there is a large potential market for metaverse products and services in India.
Young and tech-savvy workforce: India has a young and tech-savvy workforce. This means that there is a large pool of talent available to develop and build metaverse products and services.
India’s rich history and culture present a great opportunity for creating unique and immersive metaverse experiences. Leveraging the metaverse, developers can recreate historical landmarks, allowing users to explore and immerse themselves in different cultures. This provides a novel and engaging way to experience India’s heritage.
Several metaverse projects are currently underway in India, and here are some highlighted examples
India is getting ready to make a big impact in the world of metaverse technology, and Kiya.ai is leading the way. Kiya.ai is an Indian company that focuses on Artificial Intelligence and new technology solutions. Recently, at a prestigious event called VivaTech in Paris, held in 2023, Kiya.ai introduced its very own version of the metaverse called Bharatmeta. This was a significant milestone as it marked the first metaverse from India.
During the VivaTech event, Bharatmeta captured attention at the India Pavilion, a prestigious gathering recognized as Europe’s largest annual event for technology and startups. What sets Bharatmeta apart is its ability to empower real businesses to embrace metaverse technology and unlock its full potential for growth and innovation.
Mirjankar, the founder of Kiya.ai, explained that Bharatmeta is not just a fun and fancy virtual world it has practical uses in various areas like banking, commerce, culture, and collaboration. By using India’s strong digital infrastructure, including digital payments and open commerce and identity systems, Bharatmeta aims to connect the physical and virtual worlds seamlessly.
Before this, Kiya.ai had celebrated the “Azadi Kaa Amrit Mahotsav” by displaying “Har Ghar Tiranga” on the virtual real estate of Bharatmeta. This was an amazing virtual experience where people could see the Indian flag hoisted on a virtual monument. This shows the potential for using Bharatmeta to celebrate and showcase important events in a new and exciting way.
Overall, India’s entry into the metaverse technology through Bharatmeta is a promising step towards embracing new digital experiences and connecting the real world with the virtual one. It opens up new possibilities for businesses and cultural experiences, and we can expect more exciting developments in this space from India in the future.
The Indian government is actively developing DigiBharatam, a metaverse platform. It aims to preserve and promote India’s rich cultural heritage by recreating its historical landmarks and cultural artifacts in a virtual environment.
Though in its early stages of development, DigiBharatam holds great potential as a valuable resource for students, researchers, and enthusiasts seeking deeper insights into India’s rich history and culture.
Features that DigiBharatam will offer:
Virtual tours of historical landmarks: Visitors will be able to explore some of India’s most iconic landmarks, such as the Taj Mahal and the Red Fort, in a virtual environment.
Interactive exhibits: DigiBharatam will also feature interactive exhibits that will allow visitors to learn about India’s culture and traditions in a more engaging way.
Educational resources: DigiBharatam will provide educational resources for students and researchers who are interested in learning more about India’s history and culture.
OneRare was founded in 2021 by Supreet Raju and Gaurav Gupta. The company is based in Mumbai, India.
OneRare’s mission is to “democratize access to food culture and make it more accessible and engaging for everyone.” The company believes that the metaverse is the perfect platform to achieve this goal.
OneRare’s platform built on the Polygon blockchain. This allows the platform to be more scalable and secure than other metaverse platforms.
OneRare’s digital food items are called “OneRares.” OneRares are non-fungible tokens (NFTs). This means that they are unique and cannot be replaced.
The uniqueness and irreplaceability of OneRares lie in their collectible, tradable, and culinary aspects on the OneRare platform. Moreover, they grant access to exclusive events and experiences, adding to their exceptional value.
OneRare’s metaverse restaurant is called “The OneRare Kitchen.” The restaurant will be located in the OneRare metaverse. It will offer a variety of virtual food experiences, such as cooking classes, tasting menus, and live music events.
OneRare is still in its early stages of development, but it has the potential to be a major player in the metaverse. The company has a strong team with a clear vision. And the metaverse is a rapidly growing market.
Indi Metaverse is a gaming platform that lets users create and play games together in a shared virtual world. It’s like a big playground where you can interact with other players and the game environment in a realistic way.
One cool thing about Indi Metaverse is that it’s not just about playing games; you can also make money by creating and selling digital stuff like virtual land, avatars, and equipment.
The platform is still new, but it has a lot of potential. The team behind it is strong and has a clear plan for the future. The metaverse market is growing fast, and Indi Metaverse aims to be a big part of it.
Some key features of Indi Metaverse:
Immersive Gaming: Get fully immersed in the games with realistic interactions and experiences.
Economic Opportunities: Make money by creating and selling digital assets.
Creativity: Express your creativity by designing your own games and experiences.
Indi Metaverse built using the powerful Unreal Engine, which means you’ll enjoy high-quality graphics and exciting adventures. They’re also planning to introduce a native token called IMD, which you can use to buy and sell digital stuff on the platform.
Excitingly, they’re partnering with other gaming companies to bring more fun games to the platform.
Antariksh is a startup that is developing a metaverse platform for education. The platform will allow students to learn from experts from around the world, and to collaborate with each other on projects.
Antariksh’s platform built on the Unreal Engine. This allows the platform to be highly immersive and realistic.
The platform will offer a variety of educational experiences, including:
Virtual classrooms: Students will be able to attend virtual classrooms where they can learn from experts from around the world.
Collaborative projects: Students will be able to collaborate with each other on projects in a virtual environment.
Simulations: Students will be able to experience simulations of real-world situations.
Virtual field trips: Students will be able to take virtual field trips to different places around the world.
Antariksh is still in its early stages of development, but it has the potential to be a major player in the metaverse.
The metaverse is a rapidly growing technology with the potential to transform the way we live, work, and play. Thanks to its large and growing internet user base, a tech-savvy workforce, and rich cultural heritage, India well-positioned to be a leader in the metaverse.
There are already a number of metaverse projects underway in India, and the number expected to grow in the coming years. These projects have the potential to create new economic opportunities, revolutionize education, preserve cultural heritage, and provide new forms of entertainment.
By embracing the metaverse, India can seize the potential of this emerging technology and shape a brighter future for generations to come
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