Indian Used Cars Start-Up to Unveil Blockchain Powered Auto Sector Focused Metaverse June 8, 2022 June 8, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 8, 2022 by Kelly Cromley

Indian Used Cars Start-Up to Unveil Blockchain Powered Auto Sector Focused Metaverse

Gurgaon-headquartered CarzSo, a digital auto showroom for used cars firm, will be capitalizing on the Web 3 facilities and has announced its intention to create an NFT based parcel of lands for the debut of an auto sector metaverse.

CarzSo plans to capitalize on the Web 3 architecture and build an auto industry-focused metaverse. In addition, a game platform based on this idea will be developed by the company as part of its intentions to bring the retail automobile industry into the metaverse realm.

The company wants to make it possible for car purchasers and owners to produce or mint virtual assets (NFTs) of their autos using their vehicles. The owners of the automobiles will get a digital identity for their vehicles as a result of this. In addition to this, owners of motor vehicles will have the ability to issue non-fungible tokens (NFTs) of their car number plates, which can then be sold at a later time.

At the moment, CarzSo operates a web 2.0 presence that facilitates the buying and selling of automobiles via the use of VR and virtual showroom technology. Customers will be able to purchase automobiles digitally thanks to this new breakthrough, which will also assist the company’s previously established virtual showrooms. It has contracted with a company to submit patents concerning the use of virtual showrooms and the metaverse in the retail automotive industry.

The founder and chief executive officer of CarzSo, Vaibhav Sharma, said that “Being India’s first virtual reality and virtual showroom based car tech firm, it was incumbent upon us to launch metaverse sooner rather than later. However, witnessing the momentum with which the industry is opening, the time could not have been better.” We are ecstatic to finally be in a position to make our vision a reality with the world’s first auto industry-focused web 3.0 corporation dealing in non-fungible tokens and meta land for participants in the car sector.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.