‘India will embrace blockchain meaningfully’

Ralph Simon, Jim McKelvey, Charles Stewart and Neeraj Roy

‘India will embrace blockchain meaningfully’

Hungama Digital’s Neeraj Roy at MWC

Hungama keen to give consumers a closer look into digital experiences, said Neeraj Roy

NEW DELHI, Mar 4 (The CONNECT) – India will embrace blockchain very meaningfully in the next four to five years, said Neeraj Roy, Founder of Hungama Digital.

Representing India and speaking about its role in the emerging and interactive Metaverse, Roy featured as a key speaker at the Mobile World Congress held in Barcelona on Wednesday.

“The economic interest in India has grown over the last few decades, so has the interest culturally. Whether it is to do with food, entertainment, art, it's all coming alive. It's with that backdrop that we built this business,” Roy said sharing his thoughts in the session titled - ‘Fintech & Metaverse’/NFTs a Gateway to the Metaverse. The session was moderated by Ralph Simon - Founder & CEO, Mobilium, and the other panellists were reputed pioneers such as Jose Ignacio Goirigolzarri - Chairman, Caixabank, Charles Stewart - CEO, Sotheby's and Jim McKelvey - Co-Founder & Director, Block.

Roy said Coming from a nation that produces 1500 films a year, his company wants to give them improved access. Along with the collectable element being present, there is also a utility feature that's being brought into NFTs. Those utilities could lead to money-can't-buy experiences, walkabout role, a meet and greet of the star, he said.

When asked if the world today sees itself being in the Phy-gital age due to NFTs, Roy said, “time and again, be it the transition of 1.0, 2.0 or now 3.0, the entertainment industry has been a very big catalyst for the adoption of this metaverse, or any new transition. We want to build across different platforms, but with the intention of giving consumers a closer look into digital experiences. That is what the metaverse is going to build. Add to that, the world of NFTs gives the younger generation their privacy back.”

Held every year, MWC, the biggest event of the global mobile phone industry, made a much-awaited return in 2022 after a two-year gap caused due to Covid-19. It featured the most-reputed and innovative minds sharing their insight to provide a roadmap on the future of connectivity. Garnering a resounding attendance of more than 50,000 delegates every year, the event presented a host of network opportunities for stakeholders in the mobile and tech industry.

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