According to local media, China’s state-backed computer industry association established a dedicated committee for metaverse development on Wednesday in response to the country’s expanding push into the virtual-reality sector. Tan Jianrong, a Zhejiang University professor and co-president of the metaverse committee, said the body would help plan out how the industry should evolve and draft guidelines in an online seminar conducted by the industry lobby on Wednesday to state media Shanghai Securities Journal. China’s industry lobby forms metaverse committee to help draft standards https://t.co/pHThNRgFcF — Black Media Daily (@BMDaily1) May 12, 2022 According to the report, more than 150 companies have joined the new committee. As the metaverse sector grows, delegates to China’s Two Sessions, the country’s most important series of political meetings, cautioned in March that regulation is urgently needed to manage data security and discourage speculation as the industry grows. Some local governments are embracing the new technology, with Xiamen announcing a three-year strategy in March to foster metaverse startups. However, a Chinese government-backed research tank has cautioned that the metaverse could pose national security risks. China Opens a Metaverse Research Centre Tsinghua University is a highly rated institution. China’s first metaverse culture laboratory was established to encourage the study and growth of the country’s...
