Ever since the concept of the metaverse took off over the last few years, it has taken the Web3 world by storm with its allure of seamlessly combining our physical and digital lives
Here are five Indian startups that caught eyeballs this year for their unique offerings and efforts to localise the metaverse for Indian consumers.
Loka
In 2021, Krishnan Sunderarajan founded Loka, a metaverse multiplayer gaming platform. Players in their avatars can tour 3D versions of famous areas in cities, such as T Nagar in Chennai, MG Road in Bengaluru, Marine Drive in Mumbai, and Connaught Place in Delhi.
Iterality
Founded by Farheen Ahmad and Malav Shah in 2021, Interality is a virtual engine that offers tools and protocols to build on the metaverse. The startup enables brands to launch their virtual worlds.
Trace Network Labs
Founded by Lokesh Rao and Sunil Arora in 2021, Trace Network Labs is helping individuals project their lifestyle in the metaverse with human-like avatar NFTs. The startup is also building a tech stack that will enable virtual shopping experiences in the metaverse for Buddy avatars.
Ikonz
Founded by Abinav Varma Kalidindi in 2021, Ikonz is building an Indian metaverse to bring stories, characters and IPs from Indian mythology to the world. The startup is backed by Prasad Vanga and actor Rana Daggubati.
Plutoverse
In 2021, Prashant Sharma and Arjun Dhurve founded Plutoverse, a virtual reality world where people can design their avatars to seek entertainment and live their daily lives.
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