Municipal government

The municipal government of Beijing unveils a two -year metavese innovation plan

Publisher’s note: with such market volatility, stay during the daily news! Discover in a few minutes our rapid summary of essential news and today’s opinions. Register here!

(Kitco News) – The metavese seems to be the weak point of China’s anti -Crypto armor, because the municipal government of Beijing has announced a plan of innovation and development of the metavese over two years which will be implemented 2022 to 2024.

The plan will require that all districts follow the directives set out in a recently published web3 innovation program, while the country seeks to exploit what it calls a “new generation of integration and innovation of information technology “which will stimulate the growth of the web3.

As part of this plan, the promotion of the development of the metatious industries and the assistance to Beijing to establish a reference city designed for the digital economy will be the main objective while China seems to be a world leader in the Metal development.

According to the action directives, various districts will be required to build a technological infrastructure at the city level and to encourage its use in various sectors, including tourism and education.

A translation of the document indicates that its objective is to “promote digital education scenarios, support in -depth cooperation between technological companies linked to Metaverse and educational establishments, develop smart and interactive online education models and develop Digital teaching platforms at industry level “.

Other objectives mentioned in the development program include the integration of technologies such as 3D visualization and the GIS (geographic information system), which can help build a digital visual urban space platform and help Adjust the development of native digital native intelligent infrastructure.

The plan also requires that districts and municipalities offer financial and human support to help make the project a reality.




Ant Group associates with Kenanga

On the Development Front, the Chinese technological power plant, Ant Group, announced a partnership with Kenanga, the largest independent investment bank in Malaysia, to launch a portfolio and a trading application compatible with cryptography.

The “Superapp” of generation and wealth management will include a series of financial solutions, including the negotiation of shares, the management of digital investments, the exchange of currencies and the trading of crypto.

Based on the terms of the (Mou) memorandum of understanding (Mou), the Anti-Digital Technology Unit will provide Kenanga Mpaas, a mobile development platform from Alipay App, which can be used to launch the Superapp.

According to Geoff Jiang, President of Digital Technology Business Group of Ant Group, the MPASS has been “adopted by many companies to create new applications and optimize performance of existing applications”, and is “well placed to help Kenanga to integrate a Large range of products and services at its Superapp.

After having experienced digital financial services for more than five years, Kenanga is enthusiastic about the possibilities of this collaboration with Ant Group, as noted by the general manager of Kenanga Group, Datuk Chay Wai Leong, who declared: “We are Impatient not only to unify a wide spectrum of financial offers under one roof, but more importantly, make the creation of wealth more accessible by democratizing financial services for millions of Malaysians. Kenanga would have planned to launch the application in early 2023.


Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.