Jiangning District, located in Nanjing City, China, has recently announced its comprehensive metaverse development plan, joining the ranks of several other cities and regions in the country striving to foster the growth of metaverse-based technology applications. The three-year strategy aims to attract a multitude of metaverse companies, cultivate a robust industry generating substantial annual revenue, and focus on training thousands of professionals to spearhead this transformative sector.
Building an Expansive Metaverse Industry: Under the ambitious plan, Jiangning District aspires to lure a couple of hundred metaverse companies to establish operations within its borders. This concerted effort aims to create an industry capable of generating an impressive annual revenue of 20 billion yuan (US$2.80 billion) by the end of 2025.
By facilitating collaboration between local enterprises and academic institutions, the district aims to train and equip 10,000 metaverse professionals over the next three years.
The metaverse development plan in Jiangning District identifies several crucial technologies that will drive its growth. These include blockchain, artificial intelligence (A.I.), virtual reality (VR), and brain-computer interface (BCI).
Jiangning District’s unveiling of its metaverse development plan underscores China’s increasing focus on nurturing and harnessing the potential of metaverse-based technologies. By attracting metaverse companies, fostering academic collaborations, and investing in research centers, the district aims to position itself at the forefront of the metaverse revolution. With its comprehensive strategy, Jiangning District seeks to create a thriving metaverse industry, train a skilled workforce, and contribute to the ongoing exploration of blockchain, artificial intelligence, virtual reality, and brain-computer interface technologies.