Why India could have a key role in building the metaverse
The concept of the metaverse is new and there is still considerable debate about how to define it.
All definitions, however, assume that extended reality (XR), a combination of augmented, virtual and mixed reality environments that are accessible and interactive in real-time, will be the entry point for the metaverse. These technologies have been the harbinger of innovative applications in fields such as gaming and entertainment, enterprise solutions and simulations, as well as in military and defence.
In addition, blockchain technology is presently expected to play a major role in building the metaverse, because it permits a verifiable claim of ownership and transferability of digital assets. The vision seems to be that, together, XR and blockchain will produce applications that increasingly blend our physical and digital identities, enabling new forms of social and commercial interaction.
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