DecentralandChinese city releases policy draft for metaverse industry development
CoinTelegraph
•3 days ago
China’s Zhengzhou drives metaverse growth with a $1.42B fund and startup capital investment and incentives offer; powered by a vision for a thriving metaverse industry by 2025.
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The draft, which was released by Beijing's Municipal Bureau of Economy and Information Technology, is aimed at encouraging innovation in the city's metaverse industry and fostering the development of a digital economic ecosystem. It encourages companies to develop metaverse applications and services that could potentially provide a platform for digital entertainment, social networking, virtual marketing, and other online activities. The policy also calls for various measures to support the development of the metaverse industry, including providing financial support, setting up research and development centers, and holding industry-related activities. It also specifies that the government should prioritize the protection of intellectual property rights and personal data in the metaverse.
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