China’s Zhengzhou offers lucrative incentives for metaverse innovators

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3 days ago

In addition, companies that create metaverse apps in ... non-fungible token technology (NFT for short).

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According to the Zhengzhou government, the city's incentives for metaverse innovators include a 5 million yuan ($746,000) fund to support virtual reality and augmented reality startups, as well as preferential tax policies and a dedicated accelerator program. Furthermore, the city has also set up a 1 billion yuan fund to develop the local metaverse industry. The city's goal is to become a global leader in the field of metaverse development by 2025.

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