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Research institutions are already in place overlooking areas like the metaverse.
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Web3 is considered the next iteration of the internet.
China is working its way up in the web3 sector as the nation has shown interest in the technology in the latest statement issued by the Ministry of Industry and Information Technology (MIIT). The Ministry says that lay down a lot of emphasis on the sector.
Metaverse and NFT Sector Might Get a Boost
Previously, MIIT has issued policies like “Guiding Opinions on Accelerating the Application of Blockchain Technology and Industrial Development” and the “Blockchain Information Service Management Regulations” in collaboration with the Cyberspace Administration of China.
Research institutions are already in place overlooking areas like the metaverse and non-fungible tokens alongside Web 3.0. According to the statement, China’s web3 landscape currently covers sectors including healthcare, tourism, education, and mo
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