Chinese state newspaper warns of metaverse 'fever' after Meta announces major job cuts
China's top economic newspaper cautioned against "feverishly" jumping on the metaverse bandwagon as local governments and enterprises flock to the booming industry, even as Facebook owner Meta Platforms announces job cuts this week. The metaverse industry sounds promising, but it may not fit every region.
The article, which urged "prudence when expanding into the metaverse industry", said more than 30 local governments in China have issued policies in support of metaverse development, and that more than 18 metaverse-specific industrial parks have been established. The Economic Daily compared it to the fervour surrounding the new energy industry years ago.
Source
t.me/Nfts_Daily
