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What is metaverse? Discuss the potential applications of metaverse. What are factors that needs to be considered for creation of a seamless and accessible metaverse ecosystem in India? (250 words)

Topic: Science and Technology- developments and their applications and effects in everyday life.

 

5. What is metaverse? Discuss the potential applications of metaverse. What are factors that needs to be considered for creation of a seamless and accessible metaverse ecosystem in India? (250 words)

Difficulty level: Moderate

Reference: TimeOfIndia

 

Why the question: Over the past few months, there’s been growing excitement about the ‘metaverse’. Microsoft was the first major tech company to work towards it and followed by Facebook.

Key Demand of the question: To write about technological and regulatory preparations that India must ensure for developments of new virtual environments like metaverse.

Directive word: 

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction: 

Begin by explaining the concept of metaverse.

Body:

Elaborate on the various components of the metaverse and its possible applications. Substantiate with examples.

Next, write about the factors that India needs to consider – Infrastructure development, interoperability, Payments system, Preventing Cartelization by big companies, Security, Privacy and regulatory issues that must be put in place.

Conclusion:

End the answer with a way forward which summarises need to make most of the opportunity of technology of metaverse.