- China’s request for metaverse case studies involves key governmental bodies.
- No direct effect on global cryptocurrencies.
- Impacts focus on industrial and digital economy growth.
The Chinese government has launched an initiative to recommend typical metaverse cases in 2025. The notice, involving several government offices, emphasizes digital economy growth.
This development signals China’s aim to lead in metaverse innovation, with a strict focus on state-controlled projects, impacting industrial sectors more than the crypto market.
China’s Metaverse Strategy Aims for 2025 Leadership
China has issued a notice organized by its Ministry of Industry and Information Technology, alongside other agencies, to explore metaverse applications by 2025. It seeks examples in digital human interaction and park development. The government’s action plan underscores its aim to become a global leader in metaverse technology by that year.
Focusing on industrial rather than consumer-driven applications, China is expected to allocate resources without direct influence on cryptocurrencies. While funding details remain undisclosed, it marks a pivotal step in expanding its digital economy.
“Our goal is to cultivate three to five metaverse-related companies with global influence and build three to five industry cluster districts by 2025.” — Ministry of Industry and Information Technology (MIIT)
Analysts note the lack of response from crypto leaders and developers. China’s ongoing cryptocurrency ban limits the metaverse application to government-approved technologies. Expert dialogue remains within state-backed forums, minimizing global cryptocurrency market effects.
Historical Insights and Ethereum Price Surge
Did you know? China’s metaverse initiative echoes past strategies like the digital yuan pilots, emphasizing regulated, state-led innovation, contrasting global crypto trends.
Ethereum (ETH) is priced at $2,620.12, experiencing a 6.73% increase over 24 hours. ETH holds a 9.30% market dominance, with its market cap at $316.29 billion. Recent volumes reflect heightened trading activity at $29.12 billion, according to CoinMarketCap.
The Coincu research team highlights China’s metaverse push aligning with broader regulatory trends, emphasizing government-driven digital economies. Historical trends suggest sustained investment in state-regulated sectors, potentially accelerating technological advancements and infrastructure development in defined regions.
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Source: https://coincu.com/346637-china-2025-metaverse-initiative/