India Showcases Mumbai Metropolis Metaverse

India Showcases Mumbai Metropolis Metaverse

Deputy Chief Minister Devendra Fadnavis launched the Mumbai Metropolis Metaverse on Feb. 19, offering virtual tours of the city’s infrastructural projects.

The platform provides users worldwide and citizens with a virtual tour of the city’s infrastructure projects through an immersive virtual reality experience.

Everyone can now access this 3D platform, which was announced on Feb. 19. It enables users to digitally explore Mumbai’s expansive terrain and take in the changing metropolis.

Unveiling the Mumbai Metaverse

The project, which Maharashtra’s Deputy Chief Minister leads, employs modern technology to create an immersive virtual city experience. Its goal is to raise awareness of long-term sustainable development by educating citizens on the 12 identified infrastructure projects and providing insights into technological, cost, environmental, and other crucial factors. 

He predicted that Mumbai would have greater mobility than Bengaluru, Delhi, and other urban centers. He also emphasized the government’s aim to guarantee that Mumbai commuters can access any destination within a 59-minute timeframe.

Tech entrepreneurs, including Ashish Hemrajani, Harsh Jain, and Aakrit Vaish, also partnered to bring this project to life. This metaverse, which includes 12 projects like the Mumbai Coastal Road, Mumbai Metro Line 3, Mumbai Trans Harbour Link, and Navi Mumbai International Airport, among others, provides a firsthand look into significant transformations underway in the MMR.

Mumbai Tech Week

The program, which aims to engage locals with the city’s technological developments, is accessible through virtual reality (VR) devices, a specialized smartphone app, a website, and the official Maharashtra tourist platform created during Mumbai Tech Week.

The Mumbai Tech Week, organized by the Tech Entrepreneurs Association of Mumbai (TEAM), is a charitable move designed to honor the city’s tech sector and bring together notable figures, policymakers, and industry frontrunners.

India boosting the adoption of its CBDC

The Indian central bank recently announced plans to investigate offline solutions to boost the adoption of its central bank digital currency (CBDC), the digital rupee, in remote areas of the nation with limited internet access. This project is being carried out in tandem with the state government’s metaverse project, which aims to showcase urban planning and development.

In a review meeting of the Monetary Policy Committee on Feb. 8, Governor Shaktikanta Das of the Reserve Bank of India (RBI) stated that offline functionality in CBDC-R is proposed to enable transactions in areas with poor or limited internet connectivity. These functionalities will be slowly introduced through the pilots.

Furthermore, plans for an offline CBDC were first proposed in March 2023, when Ajay Kumar Choudhary, the RBI’s executive director, said the central bank was looking to test CBDC’s potential for cross-border transactions and linkage with legacy systems.

In the fourth quarter of 2023, blockchain recruitment was launched by the National Payments Corporation of India (NPCI), an initiative led by the RBI and 247 Indian banking companies. At the time, the candidate’s main responsibility was to identify avenues where blockchain-driven solutions could be used.

Image credits: Shutterstock, CC images, Midjourney, Unsplash.