China Establishes Metaverse Standardization Group to Govern Yuanverse Platform

The formation of a metaverse standards working group is part of the Chinese government’s calculated strategy to gain control over the metaverse. The Ministry of Industry and Information Technology (MIIT) has stated that the newly established organization would include major stakeholders such as tech giants Tencent, Huawei, Baidu, Netease, and Sense Time, as well as Chinese institutions.

The main goal of the Metaverse Standardization Working Group is to create complete regulations for metaverse platforms, with an emphasis on the advancement of Yuanverse, the national metaverse platform of China. China’s dedication to standardizing metaverse technologies and ensuring their systematic adoption is shown in this endeavor.

Composition and Proposal Feedback

Leaders in the industry, government agencies, and educational institutions work together to form the standardizing group. Comments on the plan, which is designed to meet “the needs of industrial development and industry management,” are welcome until February 18. The goal of this inclusive method is to collect information and improve the standards by taking into account the various viewpoints of stakeholders.

China has been moving toward standardizing the metaverse after recently announcing a complete Web3 plan. This plan demonstrates the country’s commitment to investigating and developing metaverse and blockchain technology. China continues to be a major factor in determining the direction of the sector, despite the opinions of some experts who claim that interest in the metaverse is dwindling.

China’s MIIT and four ministries published a three-year strategy in September to encourage the expansion of metaverse activities across the nation. By 2025, the strategy forecasts major advancements in commercial applications, use cases, and metaverse technologies, with specific milestones outlined.

China’s strategic investments and actions are projected to establish the country as a prominent global metaverse hub, even as the worldwide excitement around the metaverse is slowing down. The government’s dedication to promoting the development of the metaverse is a reflection of its overarching objective of continuing to be a leader in new technologies.

China’s standardized approach is expected to impact the industry’s trajectory and make it a hub for innovation and growth as the metaverse environment develops.