India, 25th September, 2024: BharatBox, an India focused metaverse venture between The Sandbox and Brinc, today announced a significant partnership with Dimo Studios, a company well-known for its cutting-edge innovations in the Web3 IP space. This collaboration aims to enhance brands, celebrities, and sports personalities engage with their audiences and open new revenue streams for these companies across India and the globe.

India has emerged as the largest supplier of content creators for The Sandbox, a leading metaverse platform, with over 66,000 developers contributing to the platform, surpassing the U.S. and Brazil. Following this, BharatBox aims to reach 1 million users in India within two years, with successful ventures into the entertainment, web3, and gaming sector.

Dimo Studio, known for its pioneering role in Web3 innovations, manages over 20 intellectual properties (IPs) and is actively expanding its portfolio. Through this partnership, Dimo Studio and BharatBox plan to bring mutually selected IPs into their collaborative arrangement, creating a powerful synergy that leverages BharatBox’s deep market expertise in India and Dimo Studio’s technological leadership.

The metaverse, a concept nearly a century in the making and a term coined three decades ago, has shifted from science fiction to a tangible, transformative opportunity. User-generated, 3D multiplayer environments have rapidly evolved into a cultural phenomenon, where user-generated content and immersive experiences now dominate.

“The pandemic accelerated the world’s migration to these digital realms, forever changing how we interact with technology. As people sought new ways to connect, the metaverse emerged as a beacon of opportunity. Our partnership with Dimo Studios will allow us to harness this momentum, integrating the power of Web3 to create richer, more engaging experiences for brands and their audiences.” stated Karan Keswani, CEO of BharatBox.

The landscape of the metaverse has evolved significantly since 2021. The integration of AI, advancements in computer graphics, the rise of XR devices, and the ongoing development of blockchain and Web3 technologies all signal that the metaverse is far from a passing phase. Instead, it represents a critical evolution of the Internet—a three-dimensional, immersive network of virtual worlds that will redefine how we live, work, and play. Despite some skepticism from the media and investors, the metaverse remains a key focus for industry leaders. Notably, the number of filings mentioning the metaverse with the US Securities and Exchange Commission has increased, underscoring its growing importance in corporate strategy.

As Bhavesh Thakkar, Co-founder and CEO of Dimo Studio, stated on the occasion that, “The metaverse is not just a buzzword; it is the next iteration of the Internet—a 3D version that is more immersive, interactive, and integrated than anything we’ve seen before. Our partnership with BharatBox positions us at the forefront of this transformation, ready to lead brands and IPs into this new digital frontier.”

By combining BharatBox’s extensive market expertise in India with Dimo Studio’s technological leadership and an elaborate IP list, this partnership will deliver robust Web3 solutions that enable brands to transition seamlessly into the metaverse. This includes the development of NFTs, metaverse experiences, and digital gaming rights—all tailored to enhance brand engagement and unlock new revenue streams.

BharatBox and Dimo are committed to pushing the boundaries of what is possible, continuously innovating to stay ahead of the curve. This partnership is about more than just the present; it is about shaping the future of digital engagement.