The Indian IT service firm Tech Mahindra announced the launch of TechMVerse. It will allow its customers to create immersive experiences and transact in the Metaverse. The company plans to develop its 5G and infrastructure capabilities to build this platform, in partnership with hyper-scalers and startups. Initially, the company will work on various use cases like DealerVerse - metaverse-based car dealership, Middlemist - NFT marketplace, Meta Bank – a virtual bank, and gaming center.