In Episode 115 of My Metaverse Minute, Kieron examines Shanghai officials’ plan to use Metaverse assets to accelerate real-world economic recovery in the wake of Covid-19.
Highlights
00:08 — News out of Shanghai includes an announcement of a new industry fund of around $1.5B in assets dedicated to Metaverse development. This also includes a goal to launch more than 100 new Metaverse products by 2025.
00:56 — Metaverse investment is popular all over the world, but the core aim of this fund, in particular, is facilitating economic recovery — especially in light of the Covid-19 pandemic.
01:35 — Aiming to transform the real-world economy through the Metaverse illustrates a new measure of confidence in its abilities.
02:30 — Organizations and administrations should be looking to the Metaverse as a smart method of supporting economic recovery and engaging people within existing industries.
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