Shanghai Aims To Achieve $446 Bln Digital Economy Through Web3 and NFT In Its 5-Year Development Plan

Through its 14th five-year plan for the development of Shanghai’s digital economy, the municipal government pledged to support enterprises that are discovering the nonfungible market.

Shanghai intends to boost the development of blockchain, non-fungible tokens (NFTs), metaverse, and web3 technologies over the next five years, the city government said on 12 July.

The plan suggests supporting the enterprises that plan to construct the NFT trading platforms and "research and promote the digitization of NFT and other assets." A separate section is dedicated to blockchain, with a voiced commitment to promote the development and application of "blockchain+" technology and build a blockchain development ecosystem with strong innovation capabilities and independent control.

by Krasimir Buchvarov July 13, 2022, 2:58 PM

The Chain Bulletin link:

https://chainbulletin.com/blockchain-nft-and-metaverse-included-in-shanghais-5-year-development-plan