The upcoming disruptive technologies are set to further enhance the pace of collaboration at a global level by enabling immersive and efficient spaces – or metaverses – providing reality equivalent experience and acting as a catalyst for the next few decades of global value creation. The creator economy which lends firepower to this immersive virtual world is boosted by blockchain based decentralised processes and governance mechanisms. In this regard, KPMG in India’s report ‘Metaverse and Web3.0 opportunities in India – Nurturing Tamil Nadu’s growth ambitions through next gen technologies’ provides an overview on metaverse and web 3.0 technologies and highlights the importance on re-purposing, re-engineering and re-positioning enterprise offerings for a changing world.
In part A of the report, KPMG in India provides a view on metaverse and web 3.0 - definition and its characteristics, requirements and design elements – and how different industries such as retail, banking, education and manufacturing pose myriad opportunities for India.
In part B, the report explores Tamil Nadu and its inclination to lead in the metaverse and web 3.0 world. While there is a clear need to develop regulatory clarity and framework to nurture startups at a national level, KPMG in India has laid down a possible roadmap for nurturing Tamil Nadu’s industries juxtaposed with the current policies and investments
