International Business Times•
4 months ago
According to a report by the South China Morning Post, China has plans to launch its own version of the popular virtual world, the Metaverse, in the near future. Despite the country's strict stance on cryptocurrency, the Chinese authorities are reportedly investing heavily in blockchain technology in order to make the new Metaverse a reality. The new Metaverse is expected to be a “digital world” where people can interact, transact, and even create their own virtual items and services. It is hoped that the new Metaverse will become a powerful platform for entertainment, commerce, and even education, and its success could signal a major shift in China's cryptocurrency regulations.
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