Four years hence, say by 2026, almost 25 per cent people will spend at least one hour a day in metaverse for work, education, shopping, social and/or entertainment. Meta space is going to be remunerative as it is an inflection point for hyper growth. By 2024, Bloomberg Intelligence, estimates the metaverse marketing opportunity at about $800 billion. Indian investors see great opportunity in Web3.0, blockchain and metaverse.

Metaverse, as we know, is a collective term for shared online worlds where there is convergence of physical, augmented and virtual reality. It is a continuum spanning the spectrum of digitally enhanced worlds, realities and business models. Several companies such as Meta, Microsoft, Infosys, Roblox Corporation, Wipro, Tech Mahindra, Epic Games and NVidia are investing in this space.

One Rare is making available platform to chefs and restaurants. PartyNite hosts events. They are in talk with several brands. Sequoia India invests in Web3.0. Cypher Capital has launched a blockchain fund. There is interest in KYC, telemedicine, edtech, real estate, manufacturing, diagnostics and more. The global metaverse opportunity is going to be as huge as $8 trillion (Goldman Sachs).