Polygon has become the first platform to host an airport metaverse, thanks to BLR Airport.
BLR's new airport metaverse on Polygon showcases potential use cases.
The development did not influence Ploygon's native token MATIC to surge.
The metaverse will feature Terminal T2, which was inaugurated by Prime Minister Narendra Modi on November 11, 2022.
Passengers using the airport can dive into the metaverse experience by visiting “blrmetaport.com.” The website introduces visitors to virtual socializing, shopping, and entertainment.
How India created the world's first airport metaverse
The Metaport emerges months after Polygon was hired to offer Web 3.0 to the aviation industry. In June 2022, Polygon Joined the Joint Innovation Centre (JIC) established by Kempegowda International Airport in Bengaluru, along with Amazon Web Service (AWS) and Intel India.
JIC was established with the goal of assisting startups in accelerating innovation in aviation as well as building smart infrastructure, utilities, and mobility. The intention was to achieve these objectives by giving comprehensive program offers and a technical platform, as well as allowing customers to accelerate the process of innovation with AWS.
The launch of Metaport will boost BIAL's digital strategy and build specific solutions for the airport using groundbreaking blockchain technology, AI and Machine Learning, robotics, AR/VR, cloud computing, and the Internet of Things (IoT).
Polygon has been pushing the development of Web 3.0 experiences intensively for some time now. Having worked with numerous established brands such as Starbucks, Coca-Cola, and Instagram, Polygon is developing as the favored platform for such enterprises. Earlier this month, JPMorgan used the Polygon blockchain to complete its first DeFi transaction and the first cross-border tokenized FX transaction.
MATIC's price remains unaffected
Polygon's recent development has resulted in investors amassing its tokens. Last week, MATIC hit a record high of $1.3 and entered the top ten cryptocurrency rankings by market capitalization. The Metaport may have given the price another lift, but that was not the case.
MATIC's price fell as a result of widespread market sell-offs sparked by FTX-related developments. It has lost about 21% of its value in the last seven days.