February 19, 2025
Indonesia in the Metaverse Era: Becoming a Hub of Creative Industry Innovation – Modern Diplomacy

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Author: Tuhu Nugraha and Adrian Zakhari*

Prologue: A Midnight Dream in Jakarta

Imagine walking around Jakarta at midnight, a city that never sleeps, full of neon lights and bustling life. Suddenly, a vision emerges: Indonesia as a center of innovation and growth in the creative industry in the era of the Metaverse. In this world, young Indonesian designers create virtual fashion to be worn by avatars globally, and local game studios release world-renowned titles.

How promising is this industry? According to research by Allied Market Research in December 2022, the total digital clothing market will grow from $498.7 million in 2021 to $4.8 billion by 2031. In 2023, the global metaverse gaming market is valued at $51 billion and is expected to grow at a CAGR of . Will grow by 38.2% to reach $1,300 billion by 2033. About half of this market, or 48%, is dominated by Metaverse gaming hardware.

Based on our research for a book on Indonesia’s metaverse ecosystem, Indonesia is well positioned to carve out a niche for creative content in the global metaverse supply chain. There are two reasons for this: Indonesia is currently experiencing a demographic bonus phase, which is dominated by the younger generation, and the country is rich in cultural diversity. Here are some strategies for making this vision a reality.

Chapter 1: Turning potential into reality

Education and training

First and foremost, we need to prepare the young generation of Indonesia with proper education and training. The Ministry of Education and Culture should collaborate with relevant industries to incorporate a digital and creative curriculum into the national education system. It is not just about coding but also about graphic design, storytelling and even digital ethics.

digital infrastructure

Without fast and affordable internet access, this dream will remain just a dream. The government should invest in digital infrastructure, ensuring that the entire archipelago from Sabang to Merauke is connected to high-speed internet.

Chapter 2: Building a Friendly Ecosystem

Financial Aid and Regulation

The government should provide financial incentives and financial support for startups and companies in the creative sector. In addition, supportive regulations, such as strong intellectual property rights and clear data privacy policies, will give innovators protection to build upon. Collaboration between the Ministry of Tourism and Creative Economy and the Ministry of Trade is essential to educate industry players on the importance of managing intellectual property rights, not only nationally but globally. Tax incentives should be provided for foreign fashion and gaming companies wanting to invest in Indonesia.

Collaboration and Creative Center

Creating a creative hub or business incubator focused on the creative industry would facilitate collaboration between artists, designers and developers. Imagine a “Silicon Valley” for the creative industry in Indonesia, where brilliant ideas are born and developed every day. Cities such as Batam, Bali and Bandung have the potential to become centers of creative production in this industry. These cities already have a supporting ecosystem, including design and fashion-related schools and universities, a creative youth workforce and a growing creative industry.

Key stakeholders of the creative community such as Indonesia Creative City Network (ICCN), Nakama.id, Maja Labs and Bali Blockchain Center (BBC) are already in place and need to be adapted to achieve these goals. Other supporting infrastructure in Indonesia includes Drezo, a marketplace for digital fashion, and Bali, which hosts various Web3 creative industry activities, including Coinfest and NFT Bali, annual events that have gone global.

Chapter 3: Embracing the Future with Innovation

Technology as the main driver

In the era of the Metaverse, technology is dominant. The government needs to invest in research and development, fostering innovation through funding schemes and collaboration between universities and industry. Blockchain technology, virtual reality and artificial intelligence are some of the areas that should be focused on.

role of private sector

The private sector, both local and international, plays a strategic role in the development of Indonesia’s creative industry. Through financial investment, they can facilitate the development of start-ups and creative projects. Additionally, through mentorship, they can help enhance the skills and capabilities of industry players. Furthermore, as consumers, they also open up a wider market for creative products and services from Indonesia.

By contributing in various ways, the private sector becomes an important pillar supporting the sustainability and innovation of Indonesia’s creative industry. Their partnership will not only strengthen the overall creative industry ecosystem but also help Indonesia achieve its vision of becoming a global hub for innovation and creativity.

Chapter 4: Building a Global Network

Market Expansion & Branding

To become a truly global leader, Indonesia needs to look beyond its domestic market. Exports of creative products ranging from digital fashion to games should be given priority. This requires an effective global marketing strategy and a wide distribution network.

Introducing these products to the global market requires close collaboration between all stakeholders in the creative industry. In addition to the above, the government and tourism industry players need to incorporate Web3 programs into Indonesia’s national tourism agenda, which are marketed globally in an integrated manner. Indonesia could learn from how the Belgian government made Tomorrowland a global destination or the Coachella music festival.

NFT Bali, Coinfest and other initiatives driven by Indonesia’s creative community should be promoted more globally to strengthen Indonesia’s position as a creative hub in the global supply chain.

international Relation

Economic diplomacy and international relations play an important role in presenting and strengthening Indonesia’s creative industry on the global stage. Through various tools such as cultural exchange, knowledge sharing and multilateral forums, Indonesia can build beneficial relationships with other countries. It not only opens up opportunities for investment and collaboration but also serves as a platform to promote Indonesian talent and creative works.

With a structured approach to diplomacy focused on sustainability, Indonesia can leverage its creative industry as one of the pillars in building “nation branding” or a positive national image. This will not only increase market access and open up new opportunities, but also enhance Indonesia’s reputation and image in the eyes of the world as an innovative and creative country.

The government can establish bilateral cooperation with countries that have the potential to strengthen the domestic creative industry for capital investment or even skill transfer and human resource development, such as China, Japan, Korea and the United States or India with. Government can also promote it in multilateral fora like ASEAN, RCEP, G20, BRICS etc.

Chapter 5: Ensuring Sustainability and Ethics

sustainability

To ensure the sustainability of Indonesia’s creative industry, a holistic approach that incorporates environmental, social and economic aspects is vital. This requires cross-sectoral collaboration, involving government, industry, academia and the community, in formulating and implementing policies that support sustainability. By focusing on sustainability, Indonesia’s creative industry will not only grow and develop but also contribute to the Sustainable Development Goals while creating a lasting positive impact on society and the environment.

key stakeholders: Ministry of Environment, Ministry of Finance, creative industry associations and financial institutions who will act as investors for these projects.

ethics and inclusiveness

A strong focus on copyright management, social justice, transparency and accountability is needed to ensure that Indonesia’s creative industry grows in an inclusive and ethical manner. This includes strengthening regulations, education and dialogue among all stakeholders, including the Ministry of Education, Culture, Research and Technology, the Ministry of Communications and Informatics, the Ministry of Social Affairs, industry, academia and Maza Labs, BlockDavid and community organizations. metadev.

With an inclusive and ethical approach, Indonesia’s creative industry will not only advance justice and equality, but also build the industry’s reputation and sustainability. This will help establish Indonesia as a responsible and innovative leader in the creative industry both nationally and internationally.

Epilogue: Becoming the Rising Sun in the Metaverse Age

Returning to the midnight dream in Jakarta, we now see a clear roadmap towards a brighter future. With collaboration, innovation and a clear vision, Indonesia can not only participate in the creative industry revolution in the Metaverse era, but also lead it.

This dream is indeed ambitious, but with the right steps it can become a reality. Welcome to a new era for Indonesia, a country that is not only chasing the rising sun, but becoming the rising sun itself, bringing light and innovation to the whole world. top of the form

Adrian Zakhari, Founder of Maja Labs and President of Web3 ICCN

Source: moderndiplomacy.eu

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