WIR Group, an Indonesia-based technology company, is developing a Metaverse prototype for launch by the fourth quarter of 2022.
WIR Group previously worked with retail chain Alfamart to create Alfamind the first 3D virtual store network in Indonesia supported by Augmented Reality-Virtual Reality (AR-VR) technology. The metaverse platform being developed by WIR Group will connect businesses and consumers.
The company says it has signed MoUs with a number of companies looking to join the platform, including Bank Rakyat Indonesia, Bank Mandiri, and Bank Negara Indonesia from the financial sector. WIR Group has also signed partnership agreements with various entities including Jakarta Fashion Week (JFW), retailer Alfamart, FMCG company Kalbe Nutritional’s, Indonesian independent music label Sun-Eater, Mitsubishi Corporation, and others.