Experts claim that although China is unlikely to decriminalize crypto in the short term, NFTs and blockchain still have a place in the Communist nation’s Metaverse longer-term.
Experts say that China’s corner of the Metaverse is likely to evolve very differently to other international markets and that decentralized infrastructure may not be part of the game plan.The Sino Metaverse seems likely to repeat what happened with the web. When the internet first went mainstream in the 1990s, many people theorized that it might accelerate democracy in China.NewZoo’s 2021 trend report “Intro to the Metaverse” claimed that the Communist nation’s distaste for decentralization won’t necessarily deter it from participating in the Metaverse, but the experience may be very different, similar to the way the internet looks different behind the Great Firewall. China filters politically sensitive content by stringently managing it
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