Metaverse technology is experiencing a strong early recovery, although wide-scale adoption is likely to take 8 to 10 years, according to a report by industry association Nasscom.

Metaverse has many interpretations. However, with a growing consensus on the key features of this technology, Metaverse refers to an immersive, persistent virtual world experience with digital-physical fusion that enables interoperability and concurrency to enhance the user’s ability to interact, carry out transactions and move virtual identity, assets in a significant way. and data from one world to another.

“While adoption of the Metaverse at scale is likely to take 8-10 years, and most implementations are at the POC (proof of concept) or MVP (minimum viable product) stage, the space is experiencing strong growth. early adoption,” he said. ..