China to Launch Its Own Metaverse Platform

China to Launch Its Own Metaverse PlatformCredit: egamers


4 months ago

Nanjing, the capital of China's Jiangsu province, has recently initiated the China Metaverse Technology and Application Innovation Platform as part of its

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China is planning to launch its own version of a digital world known as a metaverse platform. The platform, known as the "Xiaoyao Network," is being developed by Chinese tech giant Tencent and will be released sometime in 2021. The platform will offer users a 3D virtual world and enable them to interact with other users in game-like settings as well as create and share content. Tencent is hoping to draw on its existing user base of over 1 billion people to make the platform successful. The platform is set to feature virtual public spaces, entertainment options, and opportunities for users to create their own content. It's possible that the platform will be monetized in some way, though Tencent has yet to make any announcements in that regard. Ultimately, the success of the Xiaoyao Network will depend on how well it is able to differentiate itself from other metaverse platforms like the popular VR-based Second Life and the upcoming Facebook Horizon.

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