China has released the ‘Web3 Innovation and Development White Paper’, at the Zhongguancun forum, which focuses on fundamental research areas in the web3 industry, including artificial intelligence (AI), XR interactive terminals, and content production tools. It acknowledges the rapid growth of emerging applications like digital populations and collections.
Binance CEO Changpeng Zhao tweeted about the timing of this development, calling it interesting, as Hong Kong SEC allows retail trading from June 1.