China Takes the Lead in Metaverse Standardization Metaverse Standardization Working Group: The Chinese government is leaving no stone unturned in its quest to establish dominance in the metaverse. The Ministry of Industry and Information Technology recently announced the formation of a working group, comprising top educational institutions and major technology players
Huawei, Tencent, Baidu, Netease, and
Sense Time, to set
unambiguous guidelines for metaverse platforms, with a special focus on their homegrown creation, the
Yuanverse.
Unlocking the Metaverse Potential: China's metaverse ambitions are part of their broader Web3 strategy, which acknowledges the immense potential of both blockchain and metaverse technologies. While some buzz has shifted towards AI, China remains undeterred and continues to prioritize metaverse development, demonstrating their commitment to lead in yet another frontier.
China's Metaverse Power Play: Already armed with a three-year plan to propel metaverse progress, China's strategic investments are poised to bear fruit by
2025, catapulting the nation to the forefront of the global metaverse landscape. While Western counterparts may have lost a bit of the metaverse fever, China's unwavering focus could soon see them reign as the undeniable metaverse hub of the world.
China's aggressive push for metaverse dominance leaves no one in doubt: they mean business in bringing the digital realm and real-world applications closer than ever before!
