China's Shanghai government needs an unbiased and reliable blockchain platform for Metaverse applications to build an infrastructure that can carry large-scale Metaverse innovative applications.
Shanghai local government announced the "Shanghai 'Metaverse' Key Technology Research Action Plan (2023-2025)" as part of its efforts to develop an effective science and technology innovation center worldwide.
Shanghai administration published the statement on Metaverse on its official website.
The plan aims to accelerate the introduction and breakthroughs in key technologies related to "Metaverse" and establish an unbiased and reliable blockchain platform for large-scale innovative applications.
Shanghai local government aims to make significant breakthroughs in research on scientific topics related to "Metaverse", specialize in a number of key technologies, develop basic technical support capabilities, accelerate the development of "Metaverse" technology system, and promote the transformation and industrialization of scientific and technological achievements.
The publication of the "Shanghai 'Metaverse' Key Technology Research Action Plan (2023-2025)" represents an important step towards Shanghai's proving itself as a leading hub for Metaverse applications.
*Not investment advice.