{"id":210642,"date":"2022-10-15T20:29:11","date_gmt":"2022-10-15T14:59:11","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=210642"},"modified":"2022-10-15T20:29:11","modified_gmt":"2022-10-15T14:59:11","slug":"metaverse-in-india-the-challenge-of-buying-land-and-painting-houses","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/metaverse-in-india-the-challenge-of-buying-land-and-painting-houses\/","title":{"rendered":"Metaverse in India: The challenge of buying land and painting houses"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cMetaverse in India: The challenge of buying land and painting houses\u201d <\/strong>published in the Business Standard <\/strong>on 15th October 2022<\/strong>.<\/p>\n

Syllabus: <\/strong>GS3- Science and Technology<\/p>\n

News- <\/strong>The article explains the challenges faced by metaverse in India.<\/p>\n

Metaverse<\/strong>– It is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets.<\/p>\n

What are the applications of metaverse in India? <\/strong><\/h5>\n

Some companies are providing services to property developers and architects. It helps them to provide their prospective customers an experience of property even before it is ready.<\/p>\n

Some are customising jewelleries, clothing and accessories on the metaverse for various brands. It helps these brands to customise products for customers.<\/p>\n

The customers can not only own the physical copy of these personalised products but also convert and own these as non-fungible tokens. They can be traded also and redeemed for offline services.<\/p>\n

What about technology involved in the metaverse?<\/strong><\/h5>\n

Virtual Reality headsets are gradually becoming accessible for common people.<\/p>\n

The hyperreality simulations can be accessed through web browser, mobile applications.<\/p>\n

Besides the hardware cost, There is also acquisition cost of VR land in metaverse. The Cheapest parcels of land in public metaverses, like Ethereum Worlds range between $2,500 and $3,000.<\/p>\n

There is additional cost of event setup and content development on the bought land.<\/p>\n

Hosting an event in any of the public metaverses requires organisers to buy or rent land and then create the event experience. ExpoSim provides a single platform to rent space and host events across the multiple metaverses it owns without any tech development.<\/p>\n

What are data requirements?<\/strong><\/h5>\n

Data requirements for experiencing the events on metaverse is high. A low to standard resolution experience requires at least 25 Mbps for streaming. For resolutions comparable to HD TV, the requirement jumps to 80 to 100 Mbps. For 360-degree video experience as much as 600 Mbps speed is required.<\/p>\n

Besides, data computing requirements for conducting events are high.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cMetaverse in India: The challenge of buying land and painting houses\u201d published in the Business Standard on 15th October 2022. Syllabus: GS3- Science and Technology News- The article explains the challenges faced by metaverse in India. Metaverse– It is a hypothetical iteration of the Internet as a… Continue reading Metaverse in India: The challenge of buying land and painting houses<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[10503,216],"class_list":["post-210642","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-business-standard","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1701798198},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/210642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=210642"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/210642\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=210642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=210642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=210642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}