The Indian opening batsman, Shikhar Dhawan has formed a new partnership with the Web3 fintech company, Bliv. Club and Web3 Metaverse company, WIOM to launch the sports city in the Metaverse.
Entrepreneurs Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin established Bliv.Club in 2021. Abhinav Tandon, an award-winning IIT Delhi tech entrepreneur, founded World in One Metaverse (WIOM), a Web3 Metaverse startup.
The international sports market is projected to expand at a compound annual growth rate (CAGR) of 41.3 per cent from $354.96 billion in 2021 to $501.43 billion in 2022. The sports industry is estimated to reach $707.84 billion by 2026, growing at a CAGR of 9%. The global Metaverse industry is projected to be valued at around $1,803 billion by 2030, increasing at a CAGR of more than 45.8 per cent per year from 2022 to 2030. The southpaw was inspired by this to create a sports city in the Metaverse. He recently developed the Da-One group of companies, which will focus on sports, technology, startup ecosystems, and entertainment.
While speaking on the partnership, Dhawan said, “I have always tried to keep abreast with tech trends. I am really intrigued by how sports can blend with the latest web3 innovations. With the evolving internet consumption trends of millennials and Gen Z, our team is pushing the boundaries in the virtual reality space to make it truly democratic and accessible for everyone. We are building a fully functional and sustainable multiverse economy to narrow the gap between the existing offline sports/fitness avenues and metaverses. You have to be a bit crazy to create something like this and make an innovative impact.”
Cricket stadiums, a sportsplex where someone can regularly watch sports, a sports coffee shop, gym, esports zone, cottages, running tracks, a 3D immersive sports museum, sports library, a stadium for other sports, and much more will be housed in this soon-to-be-launched sports city.
Abhinav Tandon, Founder of WIOM, said, “The initiative aims at the development of a sports universe for enthusiasts. This will essentially be a sports city built on the latest blockchain-based tech stack, with the idea of evolving into a community-owned and decentralized platform enabling utility tokens, dApps, and an XR-based pedagogy ecosystem. The initiative will focus on bringing best-of-breed market leading Metaverse innovations.”
Vikas Singh, Co-Founder, Bliv.Club, commented, “Knowing the value of the community-owned platform in web3, this virtual city will have a special place for its residents and users. As a Web3 Fintech company, our goal will always be to bring futuristic solutions today to the masses.”