China takes another step to boost a 1,000% increase in cryptocurrencies and launches Web3 strategy, a metaverse with blockchain
China takes another important step to boost the cryptocurrency market by launching the "Shanghai Metaverse Key Technology R&D Plan (2023-2025)."
The plan focuses on immersive technology and Web3 technology, aiming to achieve significant advancements in areas such as immersive audio and video, immersive computing, perception interaction, and blockchain.
With the support of the Central Government, Shanghai aims to establish itself as a leader in the emerging field of the metaverse by building a robust infrastructure and promoting technological innovation. The plan also includes research into key technologies, such as artificial intelligence-generated content.
