The Metaverse Opportunity
The technology to create the metaverse is at the stage where it could well become a reality. However, unlike the internet that was created by patient capital, the metaverse will be created by big tech. We need to develop open standards and regulations so that we can ensure that there are no walled gardens in the metaverse. India has already built interoperable infrastructure to address essential aspects of the metaverse like payments. It has the opportunity to be a leader in its development.