It is estimated that about 8 per cent of the $160 trillion global GDP by 2030 will come from Web3 and Metaverse, strategy and management consulting organisation Arthur D Little said in its latest industry report.
Run by FICCI, the XROS programme will provide developers fellowships which include stipend and mentoring.
The year 2022, and a small chunk of the last quarters of 2021 could be considered the era of ushering NFTs into gaming.
The global metaverse market is expected to reach $996 billion in 2030, registering a compound annual growth rate (CAGR) of 39.8 per cent. The metaverse market size reached a value of $22.79 billion in 2021, according to GlobalData, a leading data, and analytics company.
Translucia, a subsidiary of T&B Media Global (Thailand) on Wednesday partnered with immersive and Extended reality company Sunovatech India, along with other global partners, to build a metaverse ecosystem worth $3 billion.
Wow! Momo Foods that operates with 3 Brands; Wow! Momo, Wow! China and Wow! Chicken has launched its 3 outlets in the metaverse. The Brands are on a new Metaverse Platform called FESTEMVERSE - Which curates Festivals of India across the year.
This Pujo season, the iconic and popular Ahiri Tala Sarbojanin, Deshapriya Park, and Ballygunge Cultural and Tala Prattay pandals will be accessible through 3D twins on the Metaverse.
Zuckerberg said on Friday that major updates to Horizon and avatar graphics are coming soon.
Policymakers across the world must begin thinking about what the rules, regulations, and standards for metaverse company behaviour should be.
It is anticipated that the Metaverse will transform the social media environment, given its power to dramatically revolutionize people's lives.
