Shanghai, the largest city in China and its monetary center, unveiled a plan on Wednesday to develop its metaverse initiatives for tourism and cultural activities. The country plans to invest into a sector worth 50 billion yuan ($6.9 billion) in annual revenue by the end of the year 2025.
Shanghai’s Smart Tourism Plan 2025
Shanghai plans to construct 30 tourist attractions and cultural metaverse initiatives by the end of 2025 to concentrate on what it declares smart tourism. The city’s municipal government of culture and tourism is working on building virtual shows, digital artwork, and others.
The project involves integrating metaverse technologies with the city’s physical tourist attractions so that guests can experience the locations through augmented reality, use simulations as tour guides, and take advantage of other metaverse-based activities.
The endeavor involves combining metaverse technologies with the city’s physical tourist attractions so that guests can experience the locations through augmented reality (AR) in Shanghai, use avatars as tour guides, and take advantage of other metaverse-based activities.
Shanghai will also encourage the creation of digital works of art on blockchains, investigate their incorporation into platforms like video games, and assist metaverse entertainment companies, including so-called virtual idols.
The application of the metaverse in public administration and services is also being investigated by policymakers. A research report published earlier in June by China’s Ministry of Education describes use cases for the metaverse including virtual classrooms and the storage of student credentials as non-fungible tokens on the blockchain.