Present in Shark Tank to create virtual B’luru, 5 Indian startups building metaverses

Since the concept of the metaverse has taken off in recent years, taking over the Web3 world with its fascination with perfectly combining our physical and digital lives.

Many entrepreneurs, tech enthusiasts and users are intrigued by both its gaming side, with special avatars, unique player skills and designer costumes, as well as other use cases such as retail, virtual retail, advertising, and interactive education. .

The industry has already attracted huge investments worth billions of dollars from companies such as Meta, Microsoft, Apple and others. According to Bloomberg reports, the metaverse’s global earning opportunity may be approaching 800 billion dollars in 2024. Globally, RobloxAnd Minecraft from Microsoft, as well as Fortnite from epic games are some of the games that are generating buzz in the metaverse.

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Closer to home, metaverse-focused Web3 startups are finding new ways to apply this emerging technology beyond the elements of play and commerce. They work to create platforms to bridge cultural gaps, develop a tool for personal expression and integrate intellectual property rights.

From appearances aquarium of sharks india to collaborate with brands such as BOAT-lifestyle And Amar Chitra KathaIndian web3 startups are not only generating conversations, but celebrities and investors too Frog Daggubati, Peyush Bansal, Anupam Mittaland other.

Here are five Indian startups that garnered attention this year for their unique offerings and efforts to locate the metaverse for Indian consumers.

Loka

Krishnan Sundararajan was founded in 2021 Loka, a metaverse multiplayer gaming platform. Players in their avatars can visit 3D versions of famous cities, including T Nagar in Chenai, MG Road in Bengaluru, Maritime guide in Bombay, e Connaught Square in Delhi.

In a conversation with History decipheredKrishnan said he wanted to create an India-centric game.

“I have played several Web2 games, including Sicario with map of mumbai, call of Duty based in Himachal Pradesh or Unexplored in Tamil Nadu, and I understand that when you add localization to a game, it transforms from a simple game into something magical that connects people. I wanted to create a game focused on India, its culture, its experiences, its people and so I founded Loka.

Recently, boat held a K-pop metaverse concert titled ‘FloAtverse ‘ on Loka. The concert was a playful replica of Delhi’s Connaught Place.

Krishnan also showed Loka aquarium of sharks india and broke the deal offer of Anupam Mittal (Founder of Shaadi.com), Aman Gupta (Co-founder of boat), And Peyush Bansal (founder and CEO of kart lens).

Entirety

Found by Farheen Ahmad And Malav Shah in 2021, Entirety is a virtual engine that offers tools and protocols to build on the metaverse. The startup allows brands to launch their virtual worlds.

Virtual worlds created by Interality allow users to choose from a wide range of activities, including engaging with Web3 communities, the option of play-to-earn (P2E) games, or attending immersive live concerts and performances .

In conversation with History decipheredFarheen said: “We are at the tipping point where computing is advancing rapidly, people are spending more time and money on games, and the Internet is moving towards the metaverse. There is a huge opportunity to build a layer. of content and commerce about that. Being a creator myself, I realized that the tools and technology to create creators in the metaverse do not exist. At Interality, we have begun to solve this problem. Interality gives creators the choice of creativity , culture and commerce in the metaverse. “

Startup also launched GM BLR coffeewhich teleports users to the Bengaluru-centric Metaverse.

Recently, the startup closed its funding round led by angel investors and venture capitalists, including Maninder Gulati (Global Chief Strategy Officer, Oyo), Jaynti Kanani (Co-founder, Polygon), Alvin Tse (CEO of Xiomi India), Sam Shergill (former CEO and founder of Sony India), Experienced companiesand other.

Found by Lokesh Rao And Sunil Arora in 2021, Track network labshelps people project their lifestyle into the metaverse with human-like NFT avatars.

In a previous conversation with History has unfolded Lokesh said: “Our avatar is called Buddy. We wanted avatars to be a replica of an individual – with the same physical attributes – so that they could move, shop, play and most importantly be themselves, because avatars are essentially supposed to be the manifestation of an individual in the metaverse.

The startup is also building a technology stack that will enable virtual shopping experiences in the metaverse for Buddy’s avatars.

The startup has various technology partners, including Polygon, bitkeeper, Metamask, EPNS, Wax Network, Shock productionsand other.

Found by Abinav Varma Kalidindi in 2021, Iconis building an Indian metaverse to bring Indian mythology stories, characters and IPs to the world. Startup is supported by Prasad Vanga and actor Frog Daggubati.

The startup partnered with Amar Chitra Katha, Tinkle, Safe productionand others to bring Indian comic characters into the metaverse.

Previously in conversation with History deciphered Abinav said, “We work with Indian IPs and iconic brands so we can help them tell Indian stories to the world through NFT and the metaverse.”

The startup aims to partner with intellectual property owners and artists to manage their digital assets.

“The historical and contemporary histories of India can be presented to the world by collaborating with intellectual property owners and offering them a long-term plan and space to be present in virtual worlds. One day we might even see movie previews in the metaverse, ”she added.

In 2021, Prashant Sharma And Arjun Dhurve basedPlutoversoa virtual reality world where people can design their own avatars to have fun and live their daily life.

In a previous conversation with History deciphered, Prashant said the Plutovert was building a “metaverse for the misfits”. “We coined the term ‘misfits’ to describe a group of people who want to live their lives on their own terms and express themselves as they are, and we are building a platform where users can board and use virtual avatars to express themselves. without fear of being judged, “he said.

The startup aims to help people find their communities outside of physical boundaries. It allows users to build virtual identities in a shared universe where users not only coexist but also interact with each other.

It is supported by angelic investors Jaynti Kanani (Co-founder of Polygon), Sandeep Nailwal (Co-founder of Polygon), Prashant Malik (Co-founder of Apache Cassandra), e Maninder Gulati (Director of Global Strategy at OYO).

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