China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.
- According to the South China Morning Post, Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.
- Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people.
- With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country.
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- The project is also somewhat similar to the Korean development project Metaverse announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.
- According to Zhejiang metaverse plan, the project will start this year and “bear fruit” in 2025. In addition to the main goals outlined in the provincial plan, the province also develops “building supply chains, complete industry ecosystem, and application”, seeking innovation is developing Metaverse app-developing innovations.
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