Shanghai 5-year Digital Economy Development Plan Includes NFTs, Web3, Metaverse


Shanghai is a large city and economic hub in China. It plans to explore NFT & blockchain technology and the innovative technology connected to it.  Shanghai Municipal Government has released its draft plan for the fourteenth Five Year Development of Shanghai’s Digital Economy. 

It will have a blockchain innovation system that combines blockchain and real-time communications. Shanghai will launch a virtual reality platform to let them get their hands dirty this year. 

Blockchain will also make it to web3. So far, I have installed 6G IPv6 WiFi 6 and will run to XYZ. Shanghai will double down on Metaverse because it included it in its policy document when it first began. 

The municipal government is having success with the digital yuan. Shanghai is also one of the host cities participating in China’s intensive blockchain technology adoption trials.

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