logo
Immerso and Everdome to drive innovation in the metaverse through AI-powered experiences

Immerso and Everdome to drive innovation in the metaverse through AI-powered experiences

Tahawul Tech06-02-2025

Immerso, an Eros Innovation company- home to Eros Media and Eros Now, and a global leader in AI innovation and intellectual property (IP), has joined forces with Everdome, pioneers in creating interactive metaverse experiences, to revolutionise digital entertainment.
The partnership combines Immerso's exceptional IP portfolio, featuring an extensive library of over 12,000 film titles, with Everdome's immersive technology. Together, they aim to transform how audiences engage with entertainment in the digital era.
Backed by Eros Innovation, Immerso brings unparalleled resources to the table. Eros Media World boasts a 30% market share in the Indian film industry, selling 2.7 billion tickets annually and reaching a global audience in the billions. This partnership unlocks the potential to become the world's largest film market for metaverse engagement.
Jeremy Lopez, CEO of Everdome, commented, 'This partnership propels Everdome's vision to merge the metaverse with AI tools and intellectual property, setting the stage for the creation of interactive, metaverse-native IP experiences for brands on a global scale. With nearly 50 years of Bollywood history under their belt and a strong commitment to the metaverse and immersive computing, Immerso is the perfect partner as Everdome steps into its next chapter.'
Swaneet Singh, CEO of Immerso added, 'We firmly believe in the transformative potential of virtual experiences and Web3 in reshaping the way users connect. By combining immersive experiences with AI-powered hybrid content and user-generated creation, we're opening up new possibilities – and we are thrilled to be at the forefront of this innovation alongside Everdome.''
Immerso is uniquely positioned to lead large-scale innovation in AI, entertainment, and the metaverse. As one of the first AI Intellectual Property (AIIP) companies, Immerso owns over a trillion AI tokens and has trained models across all LLM platforms. This foundation, coupled with initiatives such as establishing India's first AI Park and a billion-dollar investment in a Malaysian AI park and film studio, showcases Immerso's commitment to pushing the boundaries of digital experiences.
Everdome, recognised for its expertise in creating immersive and accessible digital experiences, is dedicated to bringing real use cases and larger audiences to the metaverse. With a proven track record of collaborations with global brands like the Alpine Web3, and Binance Fan Token Everdome is well-versed in bringing established IPs to life in new and engaging ways.
With an initial focus on integrating Indian cinema's vast library of films, stars, directors, and influencers into immersive virtual worlds, together, Immerso and Everdome will offer audiences entirely new ways to connect with entertainment.
This collaboration marks a significant step toward a future where AI, IP, and immersive technology converge to transform how the world interacts with storytelling and creativity. It sets a new standard for connectivity and engagement in the metaverse and establishes a framework for a thriving creator economy. Immerso and Everdome will offer audiences entirely new ways to connect with entertainment.
The future of the metaverse is driven by collaboration, and this partnership unlocks the potential to become one of the world's largest film markets for metaverse engagement, revolutionising how users view, engage with, and interact with traditional media in an immersive digital world.
Image Credit: Immerso & Everdome

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India orders inspection of Boeing 787s after Air India crash
India orders inspection of Boeing 787s after Air India crash

Dubai Eye

time3 hours ago

  • Dubai Eye

India orders inspection of Boeing 787s after Air India crash

India's aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. "We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet," aviation minister Ram Mohan Naidu told reporters in New Delhi. "Eight have already been inspected and with immediate urgency, all of them are going to be done." He did not say whether government officials will be involved in the inspections. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after take-off on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. IndiGo did not respond to a request for comment. In a statement, Air India said it is currently completing the one-time safety checks directed by the Indian regulator, adding that "some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes". The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. At least 270 bodies have been recovered from the site of the crash, Dhaval Gameti, president of the Junior Doctors Association at B.J. Medical College, told reporters. Only one of the 242 passengers and crew on board survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but "we don't know right now". Naidu said a government panel was investigating the crash and will issue a report within three months. "We are going to improve every necessary thing that is going to come our way, to improve the safety," he said at the briefing, declining questions from journalists. Later in the afternoon, authorities removed the tail of the aircraft that was stuck on top of a building, while hospital and rescue officials said a body of a cabin crew member was recovered from the wreckage. Air India said it will provide an interim payment of 2.5 million rupees ($29,000) each to the families of the deceased and to the survivor, to help address immediate financial needs, in addition to 10 million rupees in support announced previously by the Tata Group. "The process of reuniting next of kin with their loved ones and personal effects has begun," Air India CEO Campbell Wilson said in a statement, as authorities started handing over bodies of passengers and crew members to their families, nearly 48 hours after the crash. Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect the remains, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. At least 11 DNA samples have been matched so far, and authorities expect to hand over three bodies by Saturday evening, said Rajnish Patel, a senior official at the Ahmedabad Civil Hospital. He told reporters that the matching of samples was a meticulous process that had to be done slowly.

India orders inspection of Boeing 787s after Air India crash
India orders inspection of Boeing 787s after Air India crash

ARN News Center

time4 hours ago

  • ARN News Center

India orders inspection of Boeing 787s after Air India crash

India's aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. "We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet," aviation minister Ram Mohan Naidu told reporters in New Delhi. "Eight have already been inspected and with immediate urgency, all of them are going to be done." He did not say whether government officials will be involved in the inspections. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after take-off on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. IndiGo did not respond to a request for comment. In a statement, Air India said it is currently completing the one-time safety checks directed by the Indian regulator, adding that "some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes". The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. At least 270 bodies have been recovered from the site of the crash, Dhaval Gameti, president of the Junior Doctors Association at B.J. Medical College, told reporters. Only one of the 242 passengers and crew on board survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but "we don't know right now". Naidu said a government panel was investigating the crash and will issue a report within three months. "We are going to improve every necessary thing that is going to come our way, to improve the safety," he said at the briefing, declining questions from journalists. Later in the afternoon, authorities removed the tail of the aircraft that was stuck on top of a building, while hospital and rescue officials said a body of a cabin crew member was recovered from the wreckage. Air India said it will provide an interim payment of 2.5 million rupees ($29,000) each to the families of the deceased and to the survivor, to help address immediate financial needs, in addition to 10 million rupees in support announced previously by the Tata Group. "The process of reuniting next of kin with their loved ones and personal effects has begun," Air India CEO Campbell Wilson said in a statement, as authorities started handing over bodies of passengers and crew members to their families, nearly 48 hours after the crash. Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect the remains, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. At least 11 DNA samples have been matched so far, and authorities expect to hand over three bodies by Saturday evening, said Rajnish Patel, a senior official at the Ahmedabad Civil Hospital. He told reporters that the matching of samples was a meticulous process that had to be done slowly.

Maldives FX Reserves Bolstered by ₹33,000 Crore Swap from RBI
Maldives FX Reserves Bolstered by ₹33,000 Crore Swap from RBI

Arabian Post

time8 hours ago

  • Arabian Post

Maldives FX Reserves Bolstered by ₹33,000 Crore Swap from RBI

Malé's foreign exchange reserves have surged by more than $400 million, marking a notable strengthening of the nation's external liquidity following a currency swap arrangement with the Reserve Bank of India. The Maldives Monetary Authority drew down the entire $400 million facility in October 2024, with the impact reflecting sharply in the country's gross reserves, which rose to approximately $856 million by April 2025 from a low of $371 million earlier in the year. Fitch Ratings has affirmed the Maldives' Long‑Term Foreign‑Currency Issuer Default Rating at 'CC', citing the infusion from the RBI swap as a key factor in easing the country's liquidity pressures. The agency also credited sustained tourism receipts and the implementation of the Foreign Currency Act, which compels tourism‑related businesses to convert a mandated portion of their monthly foreign‑currency revenues, for boosting reserves. Despite the uplift in reserves, Fitch emphasised that gross holdings now cover just 1.5 months of external payments—well below the three‑and‑a‑half‑month median for comparable peers. Net reserves, after subtracting short‑term liabilities, remain critically thin at around $28 million. In its rating statement dated 12 June 2025, Fitch maintained the view that a sovereign default 'remains a likely scenario within the foreseeable future' absent significant further support or reform. ADVERTISEMENT The agency highlighted looming debt repayments of $688 million in the second half of 2025, rising to $1.1 billion in 2026, including bonds and sukuk. Policymakers in Malé are negotiating with external partners—including India, China, multilateral lenders and possibly the IMF—to secure deferments, fresh currency‑swap lines, or restructuring deals. Notwithstanding the swap, Fitch reiterated its concerns over persistent fiscal imbalance: the fiscal deficit is projected to widen to 14.5 per cent of GDP in 2025, public debt is set to reach 125 per cent of GDP by 2026, and important reforms—particularly in subsidy and healthcare spending—have been delayed on political grounds. India formally welcomed the strengthening of Maldivian reserves, with the Indian High Commission in Malé posting on X that it 'noted with satisfaction' the impact of the $400 million swap in easing external liquidity pressures. The move is part of broader bilateral economic cooperation anchored within the SAARC framework, signalling a continued role for India in supporting economic stability in Maldives. Tourism continues to underpin the archipelago's economy, with record visitor numbers bolstering inflows. Policymakers hope that the expansion of resort capacity and full operation of the new terminal at Velana International Airport will sustain growth and further cushion foreign currency earnings. Fitch projects GDP growth of around 4.8 per cent in 2025, increasing to 6.0 per cent in 2026 as tourism infrastructure develops. The Foreign Currency Act, introduced last year as a fiscal measure, requires tourism businesses to sell at least 20 per cent of their monthly foreign exchange earnings to licensed banks. Separately, the MMA raised mandatory bank conversion thresholds from 60 per cent to 90 per cent, measures aimed at shoring up foreign‑exchange liquidity. While the currency swap has delivered a temporary liquidity bridge, analysts caution that it falls short of addressing structural weaknesses. The MMA and government officials have underscored intentions to pursue fiscal consolidation and attract medium‑term financing. But Fitch has warned that absent sustained reserve accumulation, clear evidence of reform, and stronger fiscal discipline, the Maldives remains vulnerable to credit deterioration or a potential sovereign default. India's willingness to extend financial assistance underscores geopolitical and strategic interests. The inclusion of swap facilities, alongside ongoing debt negotiations with China and potential IMF engagement, may provide short‑term relief, but Maldives must improve its debt servicing capacity and rebuild buffers to avert future policy shocks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store