The Metaverse development plan was offered by Zhenjiang, which is a Chinese province, on December 15th, and of course the aim was to build a half in the country and develop great services that would be the integration of many active companies and Their collective effort resulted in the expansion and expected supply of the $28.7 billion metaverse industry by 2025 and certainly wants this industry to further prove to be extremely profitable and provide users with the best services and China’s attention. Likewise by developing the whole and its services.
This pertinent document outlines the actions the province needs to follow to help it reach its goal and will be launched in 2023 and includes the incubation of 10 industry leaders and 50 companies , which will work with the help of metaverse technology and every issue related to it, such as computer science and artificial intelligence and virtual reality and to some extent it also includes blockchain service through which these industries develop and through them In these industries, the system can be ensured. The objective of these services would be to enhance the technical capability and of course introduce a new technology which would help in various types of technology related support and then it would be able to develop a certain ecosystem where each company would be able to work on their own. And we know that we’ll be able to use these technologies in products and training and medical and every single sector where the government will also have the opportunity to integrate companies dedicated to this and by implementing a number of processes These techniques can be extended further. Another document has already been laid out by the Chinese local government, which describes its plans and its services in a strong way, which is aimed at the development elements who are interested in technical services and whose focus is on the development of web3 as a whole. He will definitely be able to develop new services through these services and connect people to this service where a roadmap has been prepared by Shanghai in June to build a $52 million cluster and that roadmap has only one goal To extend the services in any way.
Where on the one hand China is becoming a hub of Metaverse projects and becoming a country that provides its services, it is certain that many companies in the country are related to this service and are looking forward to investing in it. Internationally expressed interest in developing this technology and according to a source on September 5, $ 780 million has been raised for this industry in the country and this number is estimated to reach $ 5.8 trillion by 2023, which is itself is a very big thing in the world and investment opportunities certainly it is a big investment that is being done by any one province and even the Chinese government is building their projects on developing their technologies with respect to it where in November the government launched a service to research virtual reality in order to develop the technology more for commercial purposes and for a wider experience, as well as create a plan that would enable it In the future, we can go further and make it more convenient and a virtual and material view will be available on this scheme. All eyes are on building the idea of a virtual world that will operate within this virtual reality and provide a new means of communication.
Chinese software giant Tencent has already been part of this journey into the metaverse and is fully supported in this picture, creating its own division and developing its own software to build these projects and through It aims to provide a permanent employment to more than 300 workers in the country but this enthusiasm has been criticised by the government which is flourishing when it comes to related investments as the state government says that the metaverse industry is definitely It is full of amazing and economical expectations and it is a promising experience but its work does not fit every field and it is a matter of caution if we are betting on it, away from reality. We can agree here that definitely the steps that are being taken by the Chinese government and the efforts that are being made by the Chinese companies are really commendable to give a new energy and a new confidence to the industry of Metaverse. Will work but at the same time many companies are definitely working to ensure their participation in this partnership and for this they are actively using and connecting their customers so that surely this industry will be more bright and energetic. Can be made so that we can see whether the technology which is developing now and the technology which will take us to new heights in future is really worth it or not but the problem is that according to the government this technology is not available in every field. It also has a certain scope and it has certain limits and we know that if this technology is not definitely moves forward and it develops then we can say that this technology will be able to develop more in the province of China where jobs will develop and where definitely urbanisation will also increase and in the growing technology and computer sector we can see that It is possible that this technology will be able to make a permanent place like that, which is a matter of great pride for it and the beginning of a new era for China. Surely this technology can be helpful for us in many ways, especially it can be seen that this technology can develop new dimensions for us and it is a common thing in a developing country like China. With the help of this technology, he can be able to perform a lot of work as an automated process and apart from this, we can see that through this technology, many types of multiple services can be available to us, which is really a commendable There is and will definitely be a definite offer to take forward and create new jobs.