The global media, entertainment, and technology portfolio of ventures, Eros Investments, has unveiled its highly anticipated metaverse initiative, IMMERSO.
IMMERSO is a distinctive virtual world based on mythology from ancient times and envisioned through the eyes of prehistoric science fiction, adventure, and fantasy. It is a vast world with 14 realms (Lokas) that are scalable through planets inside each realm. Decentralized interactions will help create communities and open the door for virtual socialization, entertainment, and commerce in IMMERSO’s distinctive multi-user experience.
It is a place where people can play, create, and dream like never before since it is embodied by mystery, wisdom, and cutting-edge technologies. The $IMSO “in-world virtual currency” will power IMMERSO’s economics. Users can play games, interact socially, create avatars to represent themselves, and much more. Additionally, IMMERSO’s digital assets will be tokenized as NFTs that users can mint and exchange with one another.
Global entertainment will be virtualized within this metaverse, supported by Eros Investments, through creating original content and collaborations with celebs, creators, and various content IPs.
Eros Investments has been a pioneer in the Web3 and the blockchain revolution. Obtaining the Dubai VARA license, incubating blockchain-based start-ups, and developing a metaverse are just a few initiatives the company has undertaken.
“We are living in the most interesting times because we are transitioning to a future where virtual and augmented reality are blending with the real-world environment in a shared digital space,” said Ridhima Lulla, Founder, IMMERSO.
Fast Internet that is easily accessible, a growing interest in using the Internet to connect the virtual and physical worlds, and increasing use of mixed reality (MR), augmented reality (AR), and virtual reality (VR) are all factors that are accelerating the expansion of the metaverse market.
Verified Market Research estimates that the size of the metaverse market will grow from its estimated value of USD 27.21 billion in 2020 to USD 824.53 billion by 2030, rising at a CAGR of 39.1% from 2022 to 2030.
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