The Data Security Council of India organized a symposium on the Metaverse, deliberating on the technology stack, the ideas and projects associated with crypto assets, and the risks of data breaches and financial frauds.

The idea of Metaverse to a large extent is enabled by the proliferation of immersive virtual reality, crypto assets, cryptocurrencies, non-fungible tokens, decentralized apps and networks among other technologies. The half-day event also drew attention to the new paradigm of Web 3.0, decentralized apps and finance, and the anticipated governance and legal challenges as and when these technologies become prevalent in different parts of the world.