Shanghai will double its metatars in its development plan

Jaguars in Shanghai, China, April 10, 2021.

Qilai Shen | Bloomberg | Getty Images

BEIJING – China’s largest city has the potential to create the next generation of Internet users, and this year the technology that has attracted the attention of many is becoming a matter of concern for the Meta version.

Chinese government departments and local authorities have released five-year development plans this year to show how they intend to implement the central government’s five-year plan released in March.

Chinese media reported that the first release of Metvas was released in Shanghai on Thursday. The technology expands human interaction into three-dimensional models into a virtual world.

Metavas, one of the four exploration frontiers of the Shanghai Municipal Economy and Information Technology Commission, is part of the five-year plan to boost the electronic information industry.

According to CNBC’s Chinese translation, the document “should encourage the application of metrics in areas such as public services, commercial offices, social entertainment, industrial production, product safety and electronic games.”

The commission said it plans to promote research and development of basic technologies, including sensors, real-time interaction and blockchain.

The document does not set a specific timeline or goals for meta-analysis and development.

Beijing’s five-year plan, named in March, names seven “border” technologies.

Meters have since become vocabulary, with the American social networking site Facebook changing its name to Meta in October. Earlier this month, Microsoft co-founder Bill Gates said he expects more virtual conferences to move to Metavars over the next two or three years.

Biddu’s visit to Beijing this week was the first of its kind in China. The event was intended to mark the launch of the Baidu metaverse app for developers and an executive told reporters that the app is expected to be fully operational in six years.

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In addition to the general metavers booth on Chinese social media, state-run media published a number of articles on the topic, mainly about the threat of fraud.

After a year of sanctions and more legislation on various currencies, including cryptocurrencies, new rules on the development of metavers could continue, Newton University law professor Winston MA told CNBC’s Squawk Box Asia on Friday.

He pointed out how some aspects of the global development of metavers relate to gaming and crypto products, such as non-fungal tokens, all of which have been extensively investigated in China. Ma was not speaking in the context of the Shanghai Commission’s development plans.

– CNBC Eustance Huang Contributed to this report.


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