Shanghai has shown interest in the metaverse by including it in its five-year development plan.
Thousands of China-based companies have shown interest in the new virtual technology, despite multiple warnings of its dangers.
Shanghai, the most populous city in China, has included plans for the metaverse in its five-year development plan released Thursday.
Notably, such plans are issued by Chinese government departments and local authorities to detail how they plan to implement the central government’s five-year plan. So far, China has had 14 such plans, with the latest one issued in March this year. The last plan is the only one that mentions the word “blockchain.”
Among the plans published, Shanghai’s latest is the only one that mentions the metaverse, according to Chinese media reports. The Shanghai Municipal Commission of Economy and Information Technology lists it as one of the four frontiers for exploration in development plans for the electronic information industry.
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