Chain News Today TheBitTimes.com

The Metaverse development plan requires various municipalities to track NFT technology trends and integrate metaverse into education and tourism. The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan. The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet towards Web3. The innovation plan focuses on promoting the development of metaverse-related industries and helping Beijing build a benchmark city for the digital economy. The action plan demands that various districts build technological infrastructure at a city level and promote its use in various fields, including education and tourism. The development program would see the Integration of technical means such as 3D visualization and GIS (Geographic Information System) to...

China’s state-owned telecoms operator China Mobile is proposing global metaverse guidelines to the United Nations that bear eery similarities to the country’s controversial social credit system, Politico reported on Sunday. A “digital identity system” for all metaverse users could be based on a mix of “natural characteristics” and “social characteristics.” Data points like occupation can be “permanently” stored and shared with police to “keep the order and safety of the virtual world,” China Mobile proposals state. The guidelines are part of discussions between officials at the UN’s telecoms agency, the International Telecommunication Union (ITU), and tech experts. Experts who reviewed China Mobile’s proposals said metaverse users would be at risk of privacy and freedom violations if they were adopted. “To build a unified digital identity system, to give each human a unique digital ID that include...

Metaverse project Gamium has announced a partnership with social media giant Meta and telecommunications firm Telefonica. The partnership announcement caused Gamium’s native token, GMM, to surge by 434% in 24 hours. Moreover, the token has rallied 791.3% in the monthly charts. GMMUSDT Chart By TradingView As per the announcement, along with Meta and Telefonica, Gamium will work on the Metaverse Activation Program. The program was launched to support and grow start-ups in the Web3 sector. Moreover, startups will gain access to exclusive technology made available by Meta AI and receive financial assistance from both Meta and Telefonica. Meta and Telefonica are not new to the Web3 market. Meta was the parent company of Diem, a corporation that created Diem Crypto (formerly known as Libra). On the other hand, Telefonica disclosed that it invested in a Spanish exchange that allowed for the purchase of cryptocurrencies. Source: Coingecko At press time, GMM was trading at $0....