The Indian billionaire thinks Metaverse will unlock next generation of value creation

The richest man in Asia, Indian billionaire Mukesh Ambani is majorly bullish on blockchain as the country prepares to introduce a bill to regulate the crypto sector.

“Digital technology, I believe, is a great leveler, a great democratizer,” he said during the Infinity Forum. “Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change.”

Ambani’s Reliance Industries is a conglomerate made up of telecom, retail, logistics, and life sciences companies. It owns a controlling stake in Jio, the nation’s largest mobile phone operator.

In the next decade, the introduction of a regulated crypto industry into India “will enable and redefine the decentralised financial sector in a way we have never imagined,” he said.

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