Recently the Bombay-Indian financial technology company, Kiya.ai, spoke out about its latest developments in the metaverse. These would be the first steps of the Fintech firm towards the virtual universe. However, this scenario differs for crypto fans, as Indian banks and NBFC companies will back it.
The metaverse plans come to India after proving that the country is a powerhouse for the entire crypto market. According to reports, the project will adopt the name Kiyaverse and will be doing its first tests in the coming weeks.
Kiya.ai will prepare a metaverse based on banking
According to the director of the Kiya.ai company, the metaverse is preparing a scheme based on banking to offer advisory and administration services. Kiyaverse will allow avatars and robotic advice for thousands of crypto and banking market fans.
During the initial phase, Kiya.ai will launch an NFT market purchased with cryptocurrencies or currencies issued by the bank (CBDC). The manager also adds that Kiyaverse will implement an application programming interface with different points to access, giving high performance. The metaverse can easily be compared to Tata Digital, an App that uses several APIs for optimal performance.
According to the firm’s executive director, Mirjankar Rajesh, the metaverse will offer several important Apps that will serve commercially. Mirjankar said that CBDCs and various financial operations in the virtual universe are in his scheme.
Kiyaverse and its impact on India
Without a doubt, Kiyaverse will have a huge impact on the crypto market in India because one of the complete projects has been presented in the country. Kiya.ai tries to provide citizens with a virtual landscape focused on banking. Each user will have an avatar to move around the virtual universe easily.
Kiyaverse will be available for virtual banking cases based on the metaverse, laptops, and mobile phones, among other devices. But its director clarifies that the virtual universe will show the CMO data for better performance, bank analysis, and risk assessments.
Kiya.ai and its virtual project could be the right motivator for developing similar schemes in India. According to reports, Metaverse technology is gaining power in India with Web3 Apps, Edtech, and video games.
However, there was no virtual universe focused on NFTs and even less on banking entities, but Kiyaverse came to change everything. The ZEE project is the closest thing to the Kiya Metaverse developments. This digital company announced the launch of a non-fungible collection.
Recently ZEE agreed with HEFTY to make his incursion through the metaverse successful. But there are no more details about the progress in the virtual universe.