Tech Mahindra, a renowned producer of technological change, consultancy, and corporate restructuring services and solutions, today confirmed the arrival of TechMVerse, its Metaverse division.
The metaverse division aims to provide users with engaging and realistic Metaverse experiences. Tech Mahindra will utilize its world-leading system and infrastructure prowess. As well as fundamental technical prowess such as Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing. Tech Mahindra will use these features to establish B2B use cases throughout the economy. These will transform consumer satisfaction and deliver real business results.
In its early stages, Tech Mahindra will capitalize on the Metaverse’s prospects through various use cases. These are DealerVerse, a metaverse-based car dealership, Middlemist, an NFT exchange, Meta Bank, a virtual bank, and a gaming hub. It will provide comprehensive virtual and corporate experience infrastructure centered on design, data, and low-code plug-and-play NFTs and Blockchain networks. It will also connect the metaverse framework with Tech Mahindra’s virtual and Environmental, Social, and Governance (ESG) objectives.
The Metaverse’ Potential
Furthermore, Tech Mahindra has teamed with Mahindra & Mahindra Ltd. to produce unique Digital Collectibles. This begins with a collection centered on one of the latter’s most renowned brands. These items will be listed, minted, and sold on Tech Mahindra’s market-leading NFT trading platform.
According to CP Gurnani, MD & CEO of Tech Mahindra, the metaverse has the potential to permanently alter people’s perceptions of reality and the future. Gurnani went on to say that Tech Mahindra has always been at the vanguard of 5G. Moreover, their foray into the metaverse is just another step in their quest to ignite future preparedness and challenging and redefine consumer experiences.
Indeed, Tech Mahindra and its expertise very well interweave with the core levels of the metaverse. In fact, this can be from technology to experience, geographic computing to commerce. The TechMverse platform from Tech Mahindra would allow for the smooth integration of the company’s well-known competence in 5G with its skills in AI, AR/VR, and blockchain. Gurnani went on to further say that the company would train 1000 engineers. They should be ready to address complicated business issues and envisage new worlds for their consumers and society.
Looking Into The Future
Metaverse is a rapidly expanding virtual ecosystem where people can engage with one another in a 3D virtual realm. The worldwide metaverse revenue potential will reach $800 billion by 2024. Tech Mahindra is ready to leverage the metaverse’s potential to transform fantasy to reality and provide futuristic encounters now.
The 5G network of the future will serve as a foundation for providing an upgraded experience to clients in the metaverse realm. Tech Mahindra’s showcase ‘Welcome to Simplicity,’ during this year’s Mobile World Congress (MWC). It illustrates how the tech company is prepared to facilitate Communication Service Providers (CSPs) to jump on this emerging technology wave.