I bet China wants to set Metaverse standards just so that people look to them as an authority, not because they seriously think it's going anywhere.
China to set standards for the metaverse because it's not sure what one is
China’s Ministry of Industry and Information Technology (MIIT) announced Monday it will form a working group to set metaverse standards - becuase without them, metaversal matters have meandered. Beijing’s latest regulatory effort seeks to accelerate standardization of whatever a metaverse is, and keep up with the pace of …
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Tuesday 19th September 2023 06:10 GMT ChoHag
> “Some capital and enterprises have taken advantage of the popularity of the metaverse to speculate, resulting in its concept far from the actual value, which restricts the development of the metaverse industry to a certain extent,” said MIIT.
Translation: people are using it to make their own money and we can't have that.
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