Mark Zuckerberg: India will play a key role in the meta-world

In today's cryptocurrency market, 90% of conversations revolve around the Meta Universe, which will be powered by Web 3.0 technologies, including cryptocurrencies, blockchain, and NFTs. In addition to major cryptocurrency competitors such as Sandbox (SAND) and Decentraland (MANA), major tech companies such as Facebook have also decided to create their own meta-worlds.

The social media giant recently changed its name to Meta to show its dedication to its role and has already developed hardware and software for the virtual world. Meta CEO Mark Zuckerberg also attended a recent event in India on the company's future plans and stressed that India will play a key role in the transformation. He says:

"We are thinking about what the next generation will look like as founders of producers and developers. They will form the basis of the global meta. I think India will be the heart of it."

Zuckerberg's assessment was made public after opening a new office in India, which would be Asia's first independent office. Over the next three years, the organization plans to feature small businesses and entrepreneurs, as well as many manufacturers.

Zuckerberg also praised the Indian sports industry, saying it has changed rapidly in recent years. The CEO of Meta believes that the development of the Indian gaming industry could help the platform to expand its capabilities in Metaverse, where gaming revenue and NFT games are critical.

Meta isn't the only tech company that sees India as the center of the Web 3.0 era. In fact, in recent years, many well-known companies and the cryptocurrency platform are huge, be it Coinbase or A16z. India's producers and human resources are well known to the world and have the potential to become a major force in the future if properly managed.

Fortunately, the Indian government is now working hard to regulate cryptocurrencies. We recently announced that we have decided not to restrict cryptocurrencies. Instead, current digital assets will be identified and managed as new assets.