Indian Start-ups betting on Meta-verse and Creating Indian Marketplaces
Ever since Facebook Inc renamed itself, Meta, metaverse has come to a buzzword across the globe.
Though the conception of the metaverse is still in the incipient stage in India. Its growing fashionability has intrigued numerous entrepreneurs, numerous of whom are taking the first-movers advantage. #TWN
According to a report by Emergen Research, the global metaverse market reached $47.69 billion in 2020 and is estimated to register a revenue CAGR of 43.3 percent to $828.95 billion by 2028 during the forecast period. India is anticipated to play a vital part in the metaverse sector.
Non-fungible tokens (NFTs) are slowly becoming an intangible part of metaverses, which symbolize popular artwork and digital memorabilia. It is a claim of ownership for a special, non-interchangeable digital asset that is collected on a blockchain. You might ask, why all of a sudden I started talking about the NFT’S. Well, this is because our first start-up is based on NFT.
BollyHeroe: The Indian NFT
Founded by Ranjit Kumar, BollyHeroes offers a "Bollyverse" where users can compose, act, and produce their own scripts and characters to launch community-driven films, games, shows, and vitality.
Aligned with the Bollywood sedulity, BollyHeros has banded with product houses, music labels, brands, stars, gaming manufactories, and vitality organizations. BollyHeroe investors include Paperboat Design Studios, Fantico, and Vistas Media Capital. The platform offers three primary kinds of NFTs Legend BFT, Hero NFT, and Real NFT. Every NFT owner is compensated with a profit share, impulses, and exclusive access to new products. Other NFTs in the Bollyverse incorporate ultra-rare NFTs through which stoners can induce their own characters. Also, ‘Bollybabies’ enabled users to make commodity exclusive by incorporating and combining it with other NFTs.
OneRare: The Fist Ever Food Metaverse
Innovated in 2021 by game inventors Gaurav Gupta and Supreet Raju, OneRare is a Delhi- based startup that's creating the world’s first-ever food metaverse, aka, ‘Foodverse’. It's erecting India's first play-to-earn, food metaverse game on the Polygon blockchain.
The goal of the platform is to introduce husbandry and food and drinks ventures to the rapidly developing Web3 platform, known as the metaverse.
OneRare also monetizes digital art by letting users make their dishes as NFTs. It also enables users to construct a digitized business with transnational buyers, celebrity cookers, and global food societies, while at the same time utilizing its earnings from digital currencies to raise finances for the fight against world hunger.
Zippy: Metaverse for the Runners
Runner and athlete Sunny Makroo founded Zippy in 2021, this Gurugram-based startup is creating ‘the third format’ of running by developing a ‘Metaverse for Runners.’ The incipiency aims to save all that's good about both the inner and out-of-door aspects of running, especially the physical and biological aspects of running.
Founder of Zippy, Mr.Sunny Makroo said, “We are bringing the immersion, realism and social experience of outdoor running to the convenience and comfort of indoor running.”
Hyderabad- grounded NextMeet, innovated in 2020 by Pushpak Kypuram, is an icon-grounded immersive platform that facilitates virtual conferencing and networking in a 3D terrain. It offers 3D spaces for meetings, virtual event platforms, literacy, and working as a virtual experience for workers, actors, and scholars from all over the world to meet and socialize.
The platform is built to remove insolation and UI fatigue from traditional remote work. The startup caters to the mass market in various fields like pots, educational institutions, virtual events, and shows, among others.
Tamasha.live: The Influencers Hub
Founded in 2020 by Saurabh Gupta and Siddharth Swarnkar, Tamasha is an influencer- led live online gaming platform that enables new-age influencers and content generators to host games with real cash prices for winners at the cost of a small entry figure.
In a conversation with YourStory, Mr.Saurabh Gupta said, “Tamasha aims to disrupt the booming social gaming industry. We aim to give the new generation of content creators the power to entertain their fans through live games and also monetize it effectively in new and unique ways, and the backing of leading investors such as 9Unicorns will help us realize that vision."
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