Metaverse: The Future of Industry and Innovation

On April 13th, according to incomplete statistics, it was found that more than 40 provincial and municipal governments across the country have issued more than 120 metaverse construction plans and support policies, promoting the deep integration of metaverse with various industries. At the end of June 2022, the “Shanghai Action Plan for Cultivating a New Track of the” Metaverse “(2022-2025) was released. This is the first metaverse special action plan issued at the provincial level in China. Beijing hopes to build the sub center of the city, Tongzhou District, into a metaverse application demonstration zone with cultural and tourism content as its characteristics within three years, cultivate and introduce more than 100 metaverse ecological chain enterprises, and form more than 30 application scenario projects. Guangzhou has released the first “10 Metaverse” in the Guangdong Hong Kong Macao Greater Bay Area.

More than 40 provinces and cities have issued over 120 metaverse support policies

In recent years, the world has witnessed the rise of a new phenomenon, the Metaverse. It is a virtual space that allows people to engage with a 3D social and economic world using virtual and augmented reality devices. The concept of the Metaverse is not new, but it is becoming more popular as technology advances. The application of the Metaverse has significant impacts on many industries, and various governments are promoting its integration. In this article, we explore the significance of Metaverse in today’s world.

What is the Metaverse?

The concept of the Metaverse emerged in Neal Stephenson’s sci-fi novel Snow Crash in 1992. It refers to a virtual reality that integrates 3D objects, social experiences, and economic systems. The Metaverse is becoming a reality as technology continues to advance in areas such as virtual and augmented reality devices, blockchain, and artificial intelligence. It operates as a decentralized platform where users can interact with each other, conduct business, and entertain themselves without geographical limitations.

Metaverse Construction Plans and Support Policies

Many provinces and municipalities in China have issued metaverse construction plans and support policies in the last decade. As of April 13th, more than 40 provincial and municipal governments across China have issued over 120 metaverse construction plans and support policies, promoting the deep integration of metaverse with various industries. These policies aim to establish a sound development environment for the metaverse industry, explore new economic growth, and enhance industrial competitiveness. Moreover, they seek to facilitate the integration of the metaverse with various industries such as education, tourism, real estate, medical, and e-commerce, among others.

The Shanghai Action Plan for Cultivating a New Track of the Metaverse

In June 2022, Shanghai released the Shanghai Action Plan for Cultivating a New Track of the Metaverse (2022-2025). This is the first metaverse special action plan issued at the provincial level in China. The plan aimed to build Shanghai into a world-class metaverse innovation center, promoting the deep integration of the metaverse with the real economy. The plan also focuses on the three key areas of infrastructure, innovation, and application scenarios. By 2025, the goal is to create a vibrant metaverse industrial ecosystem where the metaverse can effectively integrate with the real economy.

Metaverse in Beijing

The Beijing government aims to build the sub-centre of the city, Tongzhou District, into a metaverse application demonstration zone, characterized by cultural and tourism content in the next three years. The goal is to cultivate and introduce more than 100 metaverse ecological chain enterprises, and form more than 30 application scenario projects. Currently, Beijing has issued the “Beijing Metaverse Development Plan”, which aims to develop the metaverse industry with full force, support high-quality enterprises, and provide a broad development space for the metaverse and its users.

Metaverse in Guangzhou

Guangzhou has released the first “10 Metaverse” in the Guangdong Hong Kong Macao Greater Bay Area. These “10 Metaverse” projects involve applications in the areas of education, tourism, and industry. The government aims to build a unified metaverse infrastructure platform and form a sound metaverse ecological chain. Moreover, the government intends to cultivate more than 100 metaverse industrial enterprises, establish a multi-level metaverse talent training system, and build a world-class metaverse industry hub.

Conclusion

The Metaverse is the future of the virtual world with its unique features and myriad of applications. The concept has received significant attention from many governments, realizing its potential to transform various industries. The integration of the metaverse with emerging technologies such as blockchain, artificial intelligence and virtual reality will open up new opportunities for innovation and growth in various sectors. It is an exciting era for the development of the Metaverse, and we can expect to see significant progress in the near future.

FAQs

1. What technologies are essential for the implementation of the Metaverse?

The implementation of the Metaverse requires many emerging technologies. These include virtual and augmented reality devices, blockchain, artificial intelligence, and 5G networks.

2. How will the Metaverse revolutionize traditional industries?

The Metaverse will change the way traditional industries operate. For example, it will make it possible to conduct business remotely, reduce the need for physical offices, and enable people to interact in unique ways with products and services.

3. Will the Metaverse be accessible to everyone?

The goal of the Metaverse is to be accessible to everyone in the world. With technological advancements and government support, we can expect more opportunities for people to engage with the Metaverse in the near future.