Economic Daily – DIGIT INFO

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

DIGIT — Mon, 19 Dec 2022 12:30:56 +0000

Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse […]

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State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse

DIGIT — Thu, 10 Nov 2022 12:30:59 +0000

Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies not long ago. Economic Daily Warns of Metaverse […]

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China state media signals tighter crypto regulations in Terra aftermath

DIGIT — Tue, 31 May 2022 06:00:21 +0000

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.

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