China’s second-most populous metropolis will introduce a three-year plan to advertise the metaverse within the tourism trade, and encourage non-fungible tokens (NFTs) within the artwork and tradition trade, as a part of a restoration plan for the town’s economic system.
See associated article: ‘Metaverse’ enters authorities radar at China’s Two Classes
- The authorities have been working with tech companies to review how the metaverse may be utilized to tourism, mentioned Fang Shizhong, the director of the Shanghai Municipal Administration of Tradition and Tourism, in an interview on Tuesday.
- Fang additionally mentioned authorities will maintain a digital art-themed occasion at November’s Shanghai Worldwide Art work Commerce Week to advertise NFTs associated to artwork and tradition.
- Authorities within the metropolis imposed radical lockdown measures between mid-March and early July as a result of surging Covid-19 instances.
See associated article: NFTs, metaverse, blockchain, Web3 included in Shanghai’s five-year plan