Challenges and Opportunities in the Development of the Metauniverse Industry

03/12/2023 17:57 • Blockchain Briefs • 122 views

It is reported that Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, submitted a Proposal on Promoting the Healthy Development of the Yuan Universe Industry in the 2023 National Two Sessions. Wu Jiezhuang said that at present, there are challenges in the development of the universe industry. On the one hand, the “double-edged sword effect” of advanced technology is prominent, and traditional information security and ideological protection are challenged. On the other hand, there is currently a lack of mature supervision over the operation mode of metauniverse capital, virtual world financial payment and NFT. At present, the United States has developed rapidly, and China is close to it in concept and has a large market. Japan, South Korea and other countries are also actively promoting the development of the yuan universe. To this end, Wu Jiezhuang suggested that China take the development of “digital currency” as a precedent, pay full attention to the development and governance of the metauniverse, actively promote the technological progress and infrastructure construction supporting the development of the metauniverse, and pay attention to the prospective governance of the metauniverse.

Wu Jiezhuang, member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC): At present, there is a lack of mature supervision over the yuan universe, virtual world financial payment and NFT

Analysis based on this information:

Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, submitted a proposal on promoting the healthy development of the Yuan Universe Industry at the 2023 National Two Sessions. He highlighted the challenges in the development of the metauniverse industry, citing the “double-edged sword effect” of advanced technology and the lack of mature supervision over the operation mode of metauniverse capital, virtual world financial payment and NFT.

However, Wu Jiezhuang also sees opportunities for the metauniverse industry. The United States has developed rapidly, and China is close to it in concept and has a large market. Japan, South Korea, and other countries are also actively promoting the development of the yuan universe industry. To promote the healthy development of the metauniverse industry, Wu Jiezhuang suggests that China should take the development of “digital currency” as a precedent.

Furthermore, he emphasizes the importance of paying full attention to the development and governance of the metauniverse. This means actively promoting technological progress and infrastructure construction to support the development of the metauniverse. Additionally, it is crucial to pay attention to the prospective governance of the metauniverse to avoid traditional information security and ideological protection challenges.

The proposal indicates that the metauniverse industry could be the next big thing, and all countries should take proactive measures to ensure the industry’s healthy development. Wu Jiezhuang’s proposal focuses on the need for governance and infrastructure support, which are essential for the metauniverse industry’s growth. Therefore, the future development of the metauniverse industry is bright, and as players in the tech ecosystem, we should expect to hear more about it soon.

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