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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 town’s financial system.
See associated article: ‘Metaverse’ enters authorities radar at China’s Two Classes
Quick details
- The authorities have been working with tech companies to review how the metaverse will be utilized to tourism, stated Fang Shizhong, the director of the Shanghai Municipal Administration of Tradition and Tourism, in an interview on Tuesday.
- Fang additionally stated 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 resulting from surging Covid-19 circumstances.
See associated article: NFTs, metaverse, blockchain, Web3 included in Shanghai’s five-year plan
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