China Says Decentralization Not Required For Their Metaverse Plans

According to experts, China’s Metaverse will evolve considerably different than other international marketplaces, and decentralized infrastructure may not be part of the game plan. The Sino Metaverse appears to be on track to follow in the footsteps of the web. When the internet initially became popular in the 1990s, many people predicted that technology would hasten China’s democratic transition. The Communist nation’s dislike for decentralization will not necessarily keep it from participating in the Metaverse, according to NewZoo’s 2021 trend report Intro to the Metaverse, but the experience may be extremely different, comparable to how the internet looks different behind the Great Firewall. China controls its domestic internet and blocks foreign websites, filtering politically sensitive content. Similar Approach To Any Web3 Trends According to Mario Stefanidis, vice president of research at Roundhill Investments, China is likely to adopt a similar approach to Web3 trends as well. He said: “It will be much easier for China to oversee the development of a local metaverse rather than allowing users to access the ‘global metaverse’ and spending significant resources censoring and blocking certain experiences.” The split will be particularly obvious between China’s metaverse and the United States, according to Nina Xiang, writer, and creator of Asian digital intelligence and data company China Money Network. In her book How the...