NASSCOM Annual Technology Conference 2022

The event

Rrahul presented at the NASSCOM Annual Technology Conference 2022.

The talk

The idea of the metaverse has been around for decades, but only recently has technology made it practical. At its simplest, the metaverse is a shared virtual space where people interact with each other and with digital objects in 3D. It is also a cultural shift towards more immersive experiences.

Rrahul's presentation compared two metaverse platforms, Spatial and Decentraland, and showed some of their features and benefits.

Key points

Spatial: a centralised metaverse platform

Spatial lets people place their 3D digital models on the platform and work on them together as avatars. 3D models that used to sit on a single computer can now be brought into a shared space for collaboration.

This makes bigger experiences possible. One example is a penthouse project by Exclusible, a company that sells exclusive penthouses and has sold many to people in the IT industry. The project is loaded on the platform, and users visit it as avatars.

Decentraland: a decentralised, blockchain-based metaverse

Decentraland is built on the Ethereum blockchain and has its own currency, MANA. It is one of the most popular platforms for content creators, used to build gamified experiences, validate NFTs and engage audiences. It suits individuals, entrepreneurs and companies who want to create different kinds of metaverse experiences.

Anyone can build on Decentraland, but only with elements approved under the terms and conditions of its DAO. The platform has over a hundred thousand users and is gaining popularity in India.

Metabharat: a retail mall on Decentraland

Metabharat is a retail mall being built on Decentraland by Gagan, an entrepreneur. It gives retailers space to display products, sell NFTs and hold events and co-working. Shops will be on the ground floor with an event floor above. The goal is a metaverse mall for Indian brands.

FAQ

Frequently asked questions

What did Rrahul Sethi present at the NASSCOM Annual Technology Conference 2022?

At the NASSCOM Annual Technology Conference 2022, Rrahul Sethi, Managing Director of Metaverse911, compared two metaverse platforms: Spatial, a centralised platform, and Decentraland, a decentralised platform built on blockchain. He showed features and benefits of each and what businesses can do with them, including the Metabharat retail mall being built on Decentraland.

What is the difference between Spatial and Decentraland?

Spatial is a centralised metaverse platform where people place their 3D digital models and work on them together as avatars. Decentraland is a decentralised metaverse built on the Ethereum blockchain, with its own currency, MANA, and is popular with content creators for gamified experiences and NFTs. Rrahul Sethi compared both at the NASSCOM Annual Technology Conference 2022.

How can businesses use Spatial for collaboration in the metaverse?

Businesses can use Spatial to bring 3D models that used to sit on a single computer into a shared space, where people work on them together as avatars. Rrahul Sethi's example at NASSCOM 2022 was a penthouse project by Exclusible, a company selling exclusive penthouses, which is loaded on the platform so users can visit it as avatars.

What is Metabharat on Decentraland?

Metabharat is a retail mall being built on Decentraland by an entrepreneur named Gagan, with the goal of creating a metaverse mall for Indian brands. It gives retailers space to display products, sell NFTs and hold events and co-working, with shops on the ground floor and an event floor above. Rrahul Sethi showed it at NASSCOM 2022.

What is the metaverse, as explained at the NASSCOM Annual Technology Conference 2022?

At its simplest, the metaverse is a shared virtual space where people interact with each other and with digital objects in 3D, as Rrahul Sethi explained at the NASSCOM Annual Technology Conference 2022. It is also a cultural shift towards more immersive experiences. The idea has existed for decades, but only recently has technology made it practical.

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