China’s local governments rush to embrace metaverse despite state media warnings

//China’s local governments rush to embrace metaverse despite state media warnings

China’s local governments rush to embrace metaverse despite state media warnings

The metaverse concept is being featured in a slew of work plans by local governments in China, even as state media outlets have repeatedly warned domestic companies against engaging in what they called a market frenzy.Authorities in the central city of Wuhan and the eastern city of Hefei both pledged to boost the development of the metaverse in the coming five years, according to their respective proposals released this week.Wuhan said it aimed to integrate metaverse, big data, cloud computing,…

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By | 2022-01-13T12:00:12+00:00 January 13th, 2022|Business|Comments Off on China’s local governments rush to embrace metaverse despite state media warnings