- They want to collect $20 billion in revenue in 3 years
- And for this they will build a global infrastructure
- Another hint that China is easing its policy on cryptocurrencies
Nanjing City (Capital of Jiangsu Province of China) launched your metaverse. It is called “Blockchain Technology and Application Innovation Platform of China”.
This is a state-supported project. He is dedicated to promoting and expanding metaverse research across the country.
The organization aims to accumulate the experience of all developers, universities and enterprises in China. And also to support research in areas related to the metaverse. The project is led by Nanjing University of Information Science and Technology (NUIST).
The founding members of this platform are various academic institutions and blockchain-related companies from all over the mainland.
In September 2022, NUIST University created China’s first “Metaverse Expert” specialty. And in April 2023, he opened the Department of Wearable Virtual Reality Devices.
Nanjing is on a list of Chinese cities vying for a leading role in the evolution of the national metaverse. In February, the city unveiled its metaverse strategy. They have an ambitious goal of building an industry that generates 135 billion yuan ($19.13 billion) in annual revenue by the end of 2025.
This is another evidence that the Celestial Empire is softening its attitude towards the cryptocurrency industry.