The unfolding realm of the metaverse has captured the attention of countless individuals
and industries alike, announcing a new era of technological interaction. Among the
exponential growth of this emerging concept, it becomes imperative to delve deeper into the
metaverse's essence and its profound impact on contemporary society. This article aims to
provide an insightful exploration of the metaverse, elucidating its core essence and rapid
proliferation as a transformative virtual reality space.In science fiction, the "metaverse" is a hypothetical iteration of the Internet as a single,
universal, and immersive virtual world that is facilitated by the use of virtual reality (VR) and
augmented reality (AR) headsets. In colloquial usage, a "metaverse" is a network of 3D virtual
worlds focused on social and economic connection. The term "metaverse" originated in the
1992 science fiction novel Snow Crash as a portmanteau of "meta" and "universe". Metaverse
development is often linked to advancing virtual reality technology due to the increasing
demands for immersion. Recent interest in metaverse development is influenced by Web3,
a concept for a decentralized iteration of the internet.As the world hustles towards future of virtual reality,India is poised to become a major
player in the metaverse technology landscape. As showcased by Kiya.ai, an India-based
company specializing in Artificial Intelligence and emerging technology solutions, India is
making its own way in Virtual Reality.At the prestigious VivaTech event held in Paris 2023, Kiya.ai unveiled its version of the
metaverse called “Bharatmeta”, making it the first of its kind from India. The demonstration
took place at the India Pavilion during the event ‘VivaTech’ , which is recognized as Europe's
largest annual technology and startup gathering.
Earlier Kiya.ai celebrated ‘Azadi ka Amrit Mohotsav’ with ‘Har Ghar Tiranga’ on the virtual
estate on Bharatmeta .The virtual experience in the Bharatmeta allows visitor to observe the
Indian flag hoisted on a virtual monument. This whole concept itself was astonishing. Alike
Kiya.ai, there are other Indian metaverse projectsthat will be offering immersive virtual
reality experiences to users on a large scale.
The Metaverse is transforming industries worldwide. According to a new report, it is poised
to present a $13 billion opportunity globally and India’s Metaverse and Web3 market is
projected to reach $200 billion by 2035. The retail and financial services sectors are tipped
to drive Web3 and Metaverse adoption in India.
India's growing technical atmosphere, marked by a pool of talented developers, innovative
startups, and forward-thinking companies, holds the potential to drive the metaverse
revolution from within. By nurturing a conducive environment for technological growth and
research, India is attracting investments and talents to the metaverse sphere, stimulating
local expertise and pushing the boundaries of virtual reality innovation.
Unveiling Metaverse : India’s leap into
Virtual Reality
Ashwini Mandle
(ELECTRONICS 3rd year)