Chinese internet behemoths are racing to the metaverse. Baidu, for one, is fairly confident that its metaverse app will take at least six years to fully launch. However, as the tech giant eyes to explore more, it will not add support for digital assets on the app.
Baidu’s Metaverse World
While speaking at the “Create 2021,” Baidu’s annual developers’ event, Ma Jie, the company’s Vice President, shed some light on the timeline of its immersive digital world ‘XiRang.’ Although the application has been under development for over a year, it could take an additional six years to launch. According to Ma, XiRang is capable of hosting 100,000 virtual attendees.
With XiRang, Baidu intends to develop an open-source platform for metaverse developers and build an infrastructure for a virtual world. The app is now accessible to developers, primarily in China.
Due to the stringent regulatory environment, the exec clarified that the app will not support digital currencies or the tradi
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