Skip to main content

China’s state-backed Metaverse Industry Committee admits 17 companies in the organisation

by Sangam Paudel, Feb 18
1 minute read

China’s state-backed China Mobile Communication Association’s Metaverse Industry Committee, which was set up in October 2021, announced that it had admitted 17 companies in the organisation to ‘promote the healthy, orderly and sustainable development of the metaverse’.

purple and white light fixture

So what?

China’s increasing support and interest in the metaverse might come as a surprise when contrasted with the state’s earlier efforts to curb gaming, cryptocurrency, and the power of the tech industry. The metaverse is closely associated with the gaming industry, NFTs and crypto-transactions, and the increasing power and presence of tech firms.

Still, China’s metaverse which is still not well defined is likely to be subject to more state control than other metaverses. The interactions of governance and technology in different regions might lead to a variety of metaverses, differing in the kinds of user activities that are available alongside how data and activity is monitored and regulated.

What might China’s interest in the metaverse signal about the future of gaming, NFTs, cryptocurrency, and the role of tech companies? And how might other countries respond to and influence the development of metaverses in their own jurisdictions?

Sources

Details

by Sangam Paudel Spotted 89 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Join discussion

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>