Shanghai Plans to Cultivate $52B Metaverse Industry by 2025

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Shanghai has released a policy paper outlining its strategy to create more than 100 companies and see the metaverse sector be worth $52 billion. Reporting by oknightcrypto.

released by the Shanghai city government on July 8 outlined its strategy to cultivate a metaverse industry worth 350 billion yuan by the end of 2025.

Shanghai is looking at"strengthening cutting-edge technological breakthroughs," with a focus on virtual reality headsets, chips, cloud computing and 5G technology. It also has plans to cultivate 10"chain-owner" enterprises that will compete on an international scale, while creating more than 100 companies that master core metaverse technologies.in December, in which it set out a five-year goal to increase research of underlying technologies including sensors and the use of blockchain.indicate that interest in NFT's and the metaverse is greater in China, Singapore and Hong Kong than in Europe or the U.S.

 

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Meanwhile the ENTIRE metaverse market cap for crypto projects is $13b. 3 years for a 4x? Seems worth it.

Huge things happening in ROCKETCITY! As a step of bringing real world businesses into reality, They announced a partnership with cool & dree as permanent Rocket City studio partners. The BEST Is yet to come. LIVE the life you LOVE with rocketcity_meta!🚀

That's good but they're kind of a bit late to the Metaverse race, the HBAR_foundation has a huge head-start on Hedera thanks to their $250 Million Fund solely dedicated to Metaverse and GameFi development, the aftereffect is gonna be massive

Can't imagine how much usdt people will spend there

If you were Shanghai gov, why would you do this? The reason is plain to see NFTs NFT NFTCommmunity Crypto Bitcoin Ethereum

EOS That's it

This i may actually be able to believe

Holy Shanghai 😲

But how? Hasn’t the CCP 🇨🇳 banned crypto? 😂

ens ens ens

I hope that this is the best time to operate and follow it master. That's why we need to patients with ElectraProtocol $xep

Lol. They can't create 100 legit companies in real life. Hard pass.

Wow!

OKnightCrypto 🚀🚀🚀 BTCG BitcoinGreen

OKnightCrypto So far, second life is still better than metarverse, and it's 20 years old.

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