Shanghai wants to create more than 100 companies in a plan that focuses on virtual reality and increased connectivity.
- Shanghai is looking at “strengthening cutting-edge technological breakthroughs,” with a focus on virtual reality headsets, chips, cloud computing and 5G technology.
- It also has plans to cultivate 10 “chain-owner” enterprises that will compete on an international scale, while creating more than 100 companies that master core metaverse technologies.
- China’s most populated city drafted a metaverse development plan in December, in which it set out a five-year goal to increase research of underlying technologies including sensors and the use of blockchain.
This article was originally published on coindesk.com