SEPOY.net
No Result
View All Result
Saturday, July 19, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

Metaverse industry estimated at $28.7 billion by 2025 in China

Nicholas by Nicholas
December 21, 2022
in Crypto
0
Metaverse industry estimated at .7 billion by 2025 in China

Recently, the Chinese province of Zhejiang unveiled its plan to improve its industry related to metaverses. According to her goals, the valuation of her companies should reach $28.7 billion in 2025. But how will she get there? We summarize his action plan for you.

READ ALSO

Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance

How to migrate your cryptos on another blockchain with a bridge?

L’industrie des métavers estimée à 28,7 milliards de dollars d’ici 2025 en Chine

Zhejiang province unveils its goals

Recently, the Zhejiang region presented its aspirations regarding metaverses. The Chinese province wants to become one of the main Chinese hubs in the sector, with the objective of developing an industry estimated at 28.7 billion dollars by 2025.

The program of the Chinese province is clear: it must develop as many commercial and industrial players as possible in the technological fields. Indeed, the province plans to create 10 leading companies in the metaverses, as well as 50 other firms specializing in specific activities.

These companies will develop solutions in the areas of artificial intelligence, virtual reality and blockchain. Nevertheless, remember that the contributions produced by these technologies can impact all aspects of an economy, from medicine and industrial production, to education and entertainment.

Moreover, the representatives of the province do not limit themselves to the economic development of the sector. Since the local propaganda and cybersecurity departments are involved in this development plan, a control of individuals in these future metaverses is not to be excluded.

👉 To understand everything about the metaverses and its virtual universes

Alyra, training to integrate the blockchain ecosystem ⛓️

toaster icon

The Chinese bet on the metaverses

In China, metaverses are seen as a sector of the future by the authorities of the various provinces. The country’s largest cities, such as Shanghai, Hangzhou and Wuhan, each unveiled industrial and economic targets similar to the Zhejiang region.

Moreover, last November, it is the Chinese government itself that has immersed itself in the sector by unveiling its own objectives. While the Chinese metaverse industry has raised a total of $780 million in fundraising, the latter could reach a valuation of 5,800 billion dollars by 2030, or 20% of the country’s GDP.

For the next few years, the country has the ambition to produce 25 million virtual reality headsets, as well as to improve devices related to olfactory experiences. As a result, the country directs its research towards the sensory improvement of its products to increase the immersion of users in these virtual universes.

With its major industrial and technological groups, China has all the cards in hand to impose itself in this very innovative sector. However, strong opponents like Meta and The Sandbox could come to compete with Chinese innovation.

👉 To go further, find our presentation of the Sandbox project

Dive into the Metaverse 🤖

toaster icon

Source: SCMP, Yicai

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

author profile picture

Always enthusiastic about new technologies, I gradually moved closer to activities related to Web3 during the year 2021. Over time, I wanted to add my stone to the building. It was then that I became an editor, with the aim of explaining cryptocurrency-related topics to as many people as possible.

Timothy Bourbotte

40 items

Related Posts

Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance
Crypto

Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance

July 18, 2025
How to migrate your cryptos on another blockchain with a bridge?
Crypto

How to migrate your cryptos on another blockchain with a bridge?

July 18, 2025
How to maximize your yields on the USDC thanks to an AI agent?
Crypto

How to maximize your yields on the USDC thanks to an AI agent?

July 18, 2025
Soon stuking on Etf Ethereum? The Nasdaq makes an official request for the Etha de Blackrock
Crypto

Soon stuking on Etf Ethereum? The Nasdaq makes an official request for the Etha de Blackrock

July 18, 2025
How to do SELLING SHORT with XTB?
Crypto

How to do SELLING SHORT with XTB?

July 18, 2025
The capitalization of the Stablecoin USDT of Tether is a new record at $ 160 billion
Crypto

The capitalization of the Stablecoin USDT of Tether is a new record at $ 160 billion

July 17, 2025
Next Post
Controversial premiums: the federal government criticizes Lufthansa’s bonus plans

Controversial premiums: the federal government criticizes Lufthansa's bonus plans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Royal Panda Gambling establishment ten 100 percent free spins no-deposit bonus password
  • Publication play royal reels slot uk From Ra wager totally free and you will trial Position video game online
  • Hitman Ports no deposit free spins casino Hitman Ports Host

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net