China: Zhengzhou City proposes metaverse plan

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12 days ago

China's Zhengzhou city issued a set of policy proposals Wednesday to support metaverse companies, including a 10 billion yuan (US$1.42 billion) metaverse fund.

The municipal government of Zhengzhou the capital of Chinas Henan Province issued a set of policy proposals Wednesday aimed at supporting metaverse companies operating within its jurisdiction, with p…

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According to a report in the Zhengzhou Daily newspaper, the Zhengzhou city government has proposed a plan to build a "metaverse" that will use virtual reality (VR) and augmented reality (AR) technology to create a new type of digital economy. The plan will involve a number of initiatives, including developing the necessary technology platforms, setting up innovation centers, and introducing a series of policies to facilitate the development of a new digital economy in the city. Furthermore, the plan aims to build a "metaverse" that will enable users to interact with the virtual world and facilitate economic activities such as virtual product sales, virtual tourism, and digital asset trading.

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