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The Metaverse is Part of Shanghai’s 5-Year Development Plan -Breaking

by Mike Robinson

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The Metaverse is Part of Shanghai’s 5-Year Development Plan

China will not be left behind by the cutting-edge metaverse innovation. The country’s financial capital and largest city, Shanghai will support the development of the metaverse over its 5-year plan. This city plans to improve human interaction with avatars within a virtual 3D world by utilizing the life-changing technology.

Research by the Chinese commission is underway into basic technologies such as sensors, instantaneous interaction, and blockchain.

According to a CNBC translation of a Chinese report, Shanghai’s plan includes “encouraging the application of the metaverse in areas such as public services, business offices, social entertainment, industrial manufacturing, production safety, and electronic games.”

The specifics of the developments and timeline of the city’s metaverse are yet to be revealed, but can likely be expected in the near future.

The Flipside

  • Baidu (NASDAQ 🙂 A Chinese search engine company that is located in Beijing, Baidu has started a metaverse. Xi Rang. Virtual reality can be experienced through handheld controllers or headsets.
  • Cryptocurrency can be described as ProhibitedChina

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