Can China make it work without crypto? While the Communist nation is unlikely to decriminalize crypto in the short term, NFTs and blockchain still have a place in its Metaverse.
Experts say that China’s corner of the Metaverse is likely to evolve very differently to other international markets and that decentralized infrastructure may not be part of the game plan.
China filters politically sensitive content by stringently managing its local internet and blocking overseas websites.The Wire China that it seems likely China will take a similar approach to Web3 trends, , she wrote that “the materialization of the Metaverse will take place amid persistent US-China geopolitical and technological rivalry.”
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