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Mumbai Metropolis Metaverse Initiative
Mumbai, the bustling financial hub of India, has introduced a metaverse initiative aimed at showcasing its latest and upcoming city-wide infrastructure megaprojects. Dubbed the Mumbai Metropolis Metaverse, this platform offers users a captivating 3D and virtual reality (VR) experience, enabling them to explore various development initiatives across Mumbai and its neighboring cities.
Unveiling the Future of Mumbai
On February 19, Maharashtra Deputy Chief Minister Devendra Fadnavis unveiled the initiative aimed at transforming Mumbai into a global city of dreams by 2025. Mumbai Metropolis Metaverse offers an immersive virtual representation of Mumbai, providing residents and enthusiasts with a glimpse into the city’s future development and the new amenities it will offer.
Showcasing Development Projects
Through this 3D map, the government aims to showcase upcoming projects and initiatives that will reshape the Mumbai Metropolitan Region (MMR) in the years to come. The platform features key projects such as the Mumbai Ahmedabad Bullet Train Corridor, Mumbai Metro expansion, Coastal Road development, Dharavi Project, and many more.
Citizen Engagement and Transparency
The launch of the metaverse marks a move towards transparency and citizen engagement, allowing residents and global users alike to delve into the city’s transformative urban projects from the comfort of their homes. The platform promises to serve as a valuable tool for citizens to virtually monitor the progress of key megaprojects that directly impact their daily lives. Accessible via both web browsers and dedicated mobile apps, the metaverse offers an interactive and immersive interface for users to explore.
Mumbai’s Mobility Transformation
Earlier in the day, Fadnavis expressed the government’s commitment to transforming Mumbai’s mobility, aiming to make it ahead of other major Indian cities. The state government is working towards ensuring people traveling in Mumbai can reach any destination within 59 minutes.
RBI’s Central Bank Digital Currency (CBDC) Plans
In parallel with the state government’s metaverse venture, the Reserve Bank of India (RBI), India’s central bank, has announced plans to explore offline solutions to facilitate the adoption of its central bank digital currency (CBDC), the digital rupee, in remote areas with limited internet connectivity. The RBI’s plans for an offline CBDC were initially mooted in March 2023, with the aim of testing its potential for cross-border transactions and integration with existing legacy systems.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
