China city Shanghai province Jiangsu business Technology Adoption Metaverse China city Shanghai province Jiangsu

Chinese city launches govt-backed metaverse platform

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Nanjing City, the capital of Jiangsu Province in China, on May 22, inaugurated the China Blockchain Technology and Application Innovation Platform.

This government-supported platform aims to foster and advance metaverse research and development across the country.The newly established state-backed entity is led by the Nanjing University of Information Science & Technology (NUIST).

As per an announcement on NUIST's official social media account, the platform consists of founding members representing diverse academic institutions and blockchain-related companies throughout mainland China.The objective of this platform is to bring together the resources of academic institutions and enterprises in China, strengthening research endeavors in metaverse-related fields.

The metaverse refers to a virtual universe or collective virtual space that encompasses all virtual worlds, augmented reality, and virtual reality experiences.

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