By 2025, the Shanghai City Government intends to intensify its efforts to establish a metaverse industry.
The metaverse is evolving as a technology that is garnering the attention of the world’s leading nations and cities.
Shanghai, the most populous city in China, has released a paper outlining its intention to become a major center for metaverse activity.
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A document published by the Shanghai municipal government last week highlighted its aim to develop a metaverse economy worth approximately $ 52 billion by 2025.