Beijing Discloses Two-Year Plan For Metaverse Development
The Metaverse has recently become one of the fast-growing digital movements across the globe. The hype around the virtual space is that it will become the hope and essence of the future. As a result, many companies, organizations, industries, and even nations’ governments are creating their Metaverse versions based on different purposes. A recent report […]
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The Metaverse development plan requires various municipalities to track NFT technology trends and integrate metaverse into education and tourism. The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet towards Web3. The innovation plan focuses on promoting the development of....
Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing. Shanghai, China’s most crowded city, is looking for ways to use a metaverse in public services over the next five years.Shanghai Municipal Commission of Economy and Information Technology’s five-year development plan for the electronic information industry listed four frontiers for exploration, and one of them is the metaverse.According to a CNBC report, the paper called for promoting the metaverse’s use in public services, business offices, social leisure,....
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear. The Chinese city of Wuhan had reportedly shelved its aspirational nonfungible tokens (NFTs) plans amid growing regulatory uncertainty around the crypto and Web3 technologies in the country.Wuhan first announced its plans to support metaverse and NFTs in the aftermath of the coronavirus breakout as a measure to boost its economy ruined by the pandemic. The city was the epicenter of the COVID-19 breakout.The Wuhan government’s draft industrial plan for the city’s....
The Chinese government has presented a plan of action regarding the inclusion of virtual reality (VR) and augmented reality (AR) in the lives of the Chinese people. The plan contemplates research of several technologies, including the development of an open metaverse platform for its citizens and research on odor simulation technology. Chinese Government Includes Odor Simulation Research in Virtual Reality Plans On Nov. 1, the Chinese government presented a plan that outlines the development of virtual reality (VR), augmented reality (AR), and metaverse technologies in the country for the....
The municipal government pledged to support the enterprises that are discovering the non-fungibles market. China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai's Municipal Government published the draft of its "14th Five-Year Plan for the Development of Shanghai's Digital Economy". A document sets the mission of "promoting the deep integration of digital technology and the real economy," with "scientists judging technology....