Hyderabad Based Startups Bet Huge on Metaverse

With the metaverse booming with possibilities, rising city-based companies are betting big on this arena as well.

T-Hub CEO Mahankali Srinivas Rao stated that Telangana has around ten metaverse startups, four of which are actively involved with T-Hub.

“In the next two years, T-Hub will ensure that the number of companies in the metaverse grows fivefold.” Through T-Fund and the Startup India Seed Fund Scheme (SISFS), also hope to help metaverse companies. The startup mentorship environment would assist entrepreneurs in gaining necessary information and skills, as Stated by   Rao.

T-Hub is collaborating with businesses to see how technology can be used to create new opportunities, he added.

Pushpak Kypuram, the founder and director of NextMeet, a city-based metaverse startup, said the metaverse offers a massive opportunity for all enterprises to re-invent all digital interactions for consumers and employees, while it also provides a new experience of ‘near-life interactions’ for individuals. In an avatar-based 3D environment, NextMeet allows for real-time virtual conferencing and networking.

Similarly, Shorupan P, the Founder, and CEO of INR Group plan to reach out to small and medium-sized firms to assist them in ‘Metaversifying’ their operations. “We presently serve ten small businesses and hope to get 500 by the end of the year.” “We’ll be examining businesses like coffee cafes and car wash service providers that have a high frequency of repeat clients,” he added. It will assist businesses in tokenizing their equity and turning it into trading ‘ShareTokens,’ as well as developing NFTs and raising awareness about Blockchain and cryptocurrencies. They will also provide bitcoin investors and accountants with services.