Metaverse Startups

Metaverse Startups

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Hack2skill
·Apr 15, 2022·

4 min read

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Whether it’s about tech giants like Microsoft, proposing to generate real-time workspaces or Ariana Grande owning a concert on Fortnite, the opportunities demonstrated by interactive, digital worlds seem unlimited.

The corporate sector is infatuated with "the metaverse," a paradigm of shared worlds powered by virtual products and extremely immersive and interactive digital capabilities.

So far, we already have virtual worlds with live shows and online games with hundreds of hours of playtime, but metaverse aficionados see a future in which whole communities survive in an online reality populated by avatars of actual people.

The Metaverse is a large virtual environment where people can replicate real-life activities such as the purchase and sale of goods, participating in events, and so on. Metaverse is a concept that aims to alter how people interact by bringing the virtual world to life using blockchain, web 3.0, AR/VR, and cryptocurrencies.

India has been rated first in mobile gaming downloads, with a player base of more than 2.7 billion. Aside from that, IT behemoths and a slew of startups are developing ground-breaking concepts enabling customers to cooperate in the Metaverse.

Take a peek at some of the startups that are making waves in this space.

  • LOKA
  • Zippy
  • Bolly Heroes
  • Tamasha. Live
  • OneRare

Every year, tons of different startups are launched, with the ability to affect the metaverse industry. We researched 316 worldwide metaverse businesses and scaleups to offer you a head start on upcoming technologies and startups that will impact the metaverse market in 2022. The metaverse's craze has spawned a robust ecosystem of young players eager to cash in on the potential and offer the components for immersive virtual settings.

We've produced a list of 5 must-follow Asian businesses that have gained traction and made significant progress in the previous year and are worth focusing on in 2022.

  1. The Sandbox (Hong Kong)
  2. Zepeto (South Korea)
  3. Axie Infinity (Singapore)
  4. Enjin (Singapore)
  5. GuildFi (Thailand)

Indian Startups making their Meta-debut

Within a gap of a few days, Infosys, Tata Consultancy Services (TCS), and Tech Mahindra, 3 of India's major IT firms, unveiled their views of the metaverse. On February 28th, TCS announced their metaverse products or services, followed by Tech Mahindra and Infosys. This implies that India's main three IT companies have their own versions of a metaverse, with a lot of overlap in the use scenarios.

The influence of Metaverse's invention may be felt globally, regardless of the area or business. The Amazon Specials store, a division of Amazon India focused on addressing new items, organized a novel debut of the OnePlus 10 Pro, inspired by its promise.

The unpacking of one of OnePlus' latest and most requested devices, took place simultaneously in both the real world and Metaverse. This concept was designed to highlight the OnePlus 10 Pro's exceptional capabilities while also allowing customers to examine it in a 360-degree setting.

We hope that India will become a nation of not only gamers but also innovators, developing an 'atmanirbhar' metaverse, as smartphones are expected to reach one billion Indians in the next five years.

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List of Top 10 Most reliable Metaverse Development firms in India 2022

  1. Hyperlink Infosystem
  2. Infosys
  3. HCL Technologies
  4. Capgemini India Pvt Ltd
  5. TCS
  6. Tech Mahindra

Various Indian entrepreneurs have started investing in Metaverse, following in the footsteps of large IT corporations. In India, there are a number of innovative startups striving to construct metaverse landscapes:

  • OneRare
  • Cope Studio
  • Zippy
  • NextMeet
  • BollyHeroes

Premised on the data-driven startup scouting strategy, we hand-picked the 4 featured metaverse businesses, taking into consideration aspects like location, founding year, technical relevance, and investment, among others.

  1. NextMeet enables Immersive Virtual Collaboration

                        Founding Year: 2020
    
                        Location: Hyderabad, India
    
                        Partner for: Virtual World Creation
    
                        Industries: EdTech, Industry 4.0
    
  2. PolkaWar develops a Non-Fungible Token (NFT) Gaming Platform

                        Founding Year: 2021
    
                        Location: Singapore
    
                        Partner for: Immersive Gaming
    
                        Industry: Gaming
    
  3. Union creates Realistic 3D Avatars

                        Founding Year: 2020
    
                        Location: Barcelona, Spain
    
                        Partner for: Virtual Identity
    
                        Industries: Gaming, Travel
    
  4. Super social creates Immersive Games

                        Founding Year: 2020
    
                        Location: New York, US
    
                        Funding: USD 7,1 M
    
                        Partner for: Game Development, Virtual Spaces
    

Factors such as developing local markets, a thriving start-up ecosystem, and a large talent pool all work to India's benefit when it comes to the metaverse getting momentum. Our crew is still young, energetic, and eager to learn, which makes it even more exciting to anticipate.

 
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