According to the authors of the white paper, Web3 is not just the future of the Internet.
Chaoyang District would provide funds every year totaling at least 100 million yuan.
China seems to be welcoming foreign businesses into some sectors. The nation has taken a strong line against the buying, selling, and holding of cryptocurrencies like Bitcoin and Ethereum, yet it is still actively promoting the growth of Web3.
Beijing Municipal Science and Technology Commission and Zhongguancun Science and Technology Park Management Committee released a joint paper titled Beijing Web3 Innovation and Development at the parallel forum of the 2023 Zhongguancun Forum titled Web3: Future Internet Industry Development.
Banking on Web3
According to the authors of the white paper, Web3 is not just the future of the Internet but also a fully immersive, interactive, and mixed-reality environment.
Local news sources also suggest that the United States is still at the forefront of the Web3 industry’s worl
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