In five years, Shanghai could be a Web3 hub. China's biggest city officially intends to boost the development of innovations such as blockchain, NFTs, and the metaverse during its next five-year plan.
China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens , the Metaverse and Web3 during its next five-year plan.a draft of its"14th Five-Year Plan for the Development of Shanghai's Digital Economy.
There is also a place for Metaverse ambitions, as the municipal government plans to accelerate the research and deployment of the platform for the interaction between the virtual world and the real society by carrying out the development of core technologies and encouraging the creation of new platforms with richer and more diverse content scenarios. The plan emphasizes the significance of new forms of digital entertainment consumption, such as virtual concerts, idols and sports.
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