Chinese tech giants are starting to invest in meta versions. This is the latest word in internet technologies. A term perceived in virtual worlds; Where people will play and live. Censorship is likely to spread. Regulation will be even more challenging as Beijing continues to exercise tight control over the practices of its domestic technology firms. Meta is thoroughly studying the concept of meta version. At the same time, Microsoft acquired the gaming company Activision as a game on the subject.
Chinese firms are taking a more cautious approach. The total meta-address address market in the country could be as high as $8 trillion. Chinese Internet companies’ leaders in this field may be TikTok, Tencent, Alibaba, NetEase, ByteDance. Analysts say virtual reality, games, and social media maybe some of the earliest apps. This can include buying virtual games or creating your digital avatars to attend meetings. Metaverse is the future of social networking.
All of China’s tech giants should take it upon themselves to find new ways to engage the youngest generation of Internet users. This is critical when their business models are maturing on smartphones and mobile internet. This will be an opportunity to enhance existing industries such as games. Tencent is the largest gaming company globally with a strong PC and mobile games portfolio. The company also owns WeChat, a messaging service from more than a billion users who have social media aspects.
At the same time, ByteDance made an aggressive expansion into games over the past year. In August, the company acquired Pico, a maker of virtual reality headphones. ByteDance also owns TikTok and Douyin. The Beijing-based firm launched VR, social media, and games.
China Tech Titans and Metaverse
This year, Alibaba announced plans to release augmented reality glasses for virtual meetings. Augmented reality refers to virtual images; It could be a game of meta-version. The E-commerce giant created Dong Dong for the Beijing Winter Olympics. The digital avatar can be found in Alibaba’s Taobao shopping app; It provides us with facts about the Olympics; Also promotes gaming-related items. Another Chinese gaming giant, NetEase created a database focused on developing meta-conversion applications.
Baidu last year released the meta-app, XiRang, which can hold up to 100,000 people at a time. However, Baidu executives lowered expectations for the app when it launched, saying many aspects were irrelevant. Still, there are signs that China’s most prominent technology names are starting to experiment and lay the groundwork for future applications. The concept of meta version may initially include VR/AR-supported games and a socially interactive environment. These will be the areas that Chinese tech gamers are following first.
Conclusion
The meta-transformation push of Chinese tech firms comes after years of intensive regulatory control of the country’s technology sector. New rules are proposed for platforms. They also adopted a new landmark law on personal data protection. Beijing reduced the right of children under 18 to play online games. Analysts say the existing legislation is likely to regulate meta-conversion applications, even when new ones are developed. The sheer variety of meta-apps means it will be impossible for Beijing to create a “tailor-made” policy. Each specific application will receive its own unique set of regulations based on the existing legislature. China also continues to restrict content on its controlled internet. It might be an isolated, Chinese meta-version separate from the international. Analysts say more specific regulations could manage meta versions.
In January, the government adopted regulations that regulate how Internet firms can use referral algorithms. This was followed by a draft of the rules regarding technology. This refers to software that can generate or edit sound, video or images, or virtual settings.
Even cities and regions in China are looking for meta-opportunities. Last year, the big city of Shanghai mentioned a meta-version in the five-year plan for the development of the information technology industry. Some meta-applications may rely on cryptocurrencies. For example, if you buy some virtual land or item, you can pay in digital currency. This is likely to be problematic in China, where the government has sought to eliminate the use of digital currencies. Meanwhile, the government promotes the digital currency issued by the central bank, known as the digital yuan. Experts suggest that China’s digital currency could be used in meta-payment payment applications.
