Shanghai highlights $1.5 billion for the development of metavselnaya – Bits Media

Chinese officials intend to invest significant funds in the development of metavsel and related equipment, since they predict a leap in the development of the industry to 2025 year.

The Government of the city of Shanghai plans to create an industry fund with assets in size 10 billion yuan ($1.5 billion), intended for the development of metavselnaya. Financing will go to creation 10 large companies and 100 small companies, which will specialize in this industry. This was stated by the head of the Shanghai Committee on Economics and Information Technologies of Wu Jingchen (Wu Jincheng).

There are three directions, in which, According to the official, PRC authorities plan to succeed: Low -carbon energy projects, Technology of smart terminals, Products and services in metavselnaya. Investments in the metavselnaya will contribute to the transformation of various sectors of the real economy, and not just web3 industry, I am sure the representative of the authorities of one of the largest megacities of China. Zhingyn, that the predicted market value of the three above areas of the economy to 2025 will reach a year $224 billion.

The technology of smart terminals refers to virtual reality sets (VR), Gadgets for a smart home, robots and vehicles. The Shanghai Committee on Economics and Information Technologies plans to create two companies, which will use smart terminals for health care needs, care for elderly people and public transport.

Earlier, the Chinese authorities have announced the need to introduce more stringent measures to regulate NFT markets, Since the number of sites over the past four months has grown five times.