Compete for the capital of the “Metaverse”

Which city will grab the running advantage?

Since the end of last year, a competition for the “Capital of the Metaverse” has quietly started.

Although so far, the local governments have not sacrificed capital swords, but they have accelerated the pace of the layout.

Beijing, Shanghai, and Shenzhen have successively incorporated the Metaverse into the future development rules of cities. Wuhan, Hefei and other places have written the Metaverse into their government work reports. Direction of development.

Morgan Stanley believes that the potential size of the Chinese Metaverse market will reach $8 trillion.

Which cities will benefit from this change? Which city will grab the running advantage?

Shanghai, Metaverse enters the “14th Five-Year Plan”

As early as October 2021, Shanghai will host the 2021 Metaverse Culture Week. At the end of the year, the Shanghai Municipal Party Committee’s Economic Work Conference proposed that companies should be guided to step up research on important platforms for the interaction between the virtual world and the real society in the future, and make timely arrangements.

The “14th Five-Year Plan” for the Development of Shanghai Electronic Information Manufacturing Industry, which was subsequently issued, also pointed out that the fields of quantum computing, third-generation semiconductors, 6G communications, and the Metaverse should be deployed in a forward-looking manner to strengthen the foresight of the basic capabilities of the underlying core technologies of the Metaverse. R&D.

It is worth mentioning that this is the first time that the Metaverse has been written into the local “14th Five-Year Plan” industrial plan.

Last month, the Shanghai Economic and Information Commission held a meeting to plan the industrial and informatization work in 2022, emphasizing the need to speed up the layout of the new digital economy track, closely follow the digital transformation of the city, lay out the new track of the Metaverse, develop application scenarios, and cultivate key enterprises.

Although so far, Shanghai has not given specific measures on how the Metaverse industry should be implemented. But on the one hand, it has released a strong enough signal to the outside world; on the other hand, Shanghai already has certain foundations and advantages in the research and development of cutting-edge technologies related to the Metaverse.

Compete for the capital of the "Metaverse"

For example, the Tencent Yangtze River Delta Artificial Intelligence Supercomputing Center located in the Economic and Technological Development Zone of Songjiang District, with a total investment of 45 billion yuan, will become the largest and most influential data center park in the country after completion, and will also help Tencent to accelerate The landing of the Metaverse strategy.

Beijing, sub-center betting on Metaverse

In December 2021, the Metaverse Education Laboratory led by the Zhongguancun Internet Education Innovation Center was officially established, aiming to explore the combination of Metaverse and educational innovation, and promote the development of Metaverse education applications.

If we talk about the layout in the field of education, it is an attempt by Beijing to explore the application scenarios of the Metaverse. So the approach of Tongzhou District is obviously to build itself into a Metaverse industrial center.

Last month, Tongzhou District issued the “Eight Measures for Accelerating the Innovation-led Development of Beijing Sub-center Metaverse”, which will use the “Fund of Funds + Direct Investment” method to combine with other social capital to create a fund covering the Metaverse industry. Support Metaverse startup projects and major projects.

It is reported that this fund will provide 1 billion yuan of financial support, and it is conceivable how much development space it can bring. At the same time, Tongzhou District has reached a cooperation with Blue Universe, a wholly-owned subsidiary of BlueFocus, which is mainly engaged in the “Metaverse” business. The two parties will carry out a series of upstream and downstream cooperation in the industrial chain around the Metaverse.

Some analysts pointed out that Tongzhou District has made corresponding plans in terms of content design, industrial space, and application scenarios, and is currently one of the regions with the most complete set of incentive policies for the Metaverse industry in China. In the future, Metaverse will create infinite imagination space for the investment promotion and brand communication of the sub-center of the city.

Shenzhen, a digital pioneer city

Shenzhen, known as the “Silicon Valley of China”, is home to two tech giants, Tencent and Huawei. In the face of the upcoming third Internet revolution, Shenzhen is naturally unwilling to lag behind.

This city, which is committed to leading technological innovation, hopes to recreate a great “Shenzhen” in the digital economy world.

In November 2021, the first National Science Fiction Week jointly launched by the Science and Fantasy Growth Fund and the Metaverse Innovation Lab was officially launched in Shenzhen. This is the first real science fiction festival in China, and it is not limited to the field of science fiction literature. This also means that the Metaverse has officially entered the general public’s field of vision from the industry.

Compete for the capital of the "Metaverse"

The Metaverse Innovation Lab jointly established by the Science and Fantasy Growth Fund and MiTu Digital has not yet built a sufficient hardware environment, but considering that the Shenzhen Information Service Industry Blockchain Association Metaverse was also established in the same period The special committee can see Shenzhen’s determination to promote the development of the Metaverse industry.

Moreover, Futian District also included the “Metaverse” in the government work report, proposing to vigorously develop the digital industry, promote the accelerated implementation of technological transformation achievements in future industries such as blockchain, quantum information, and brain-like intelligence, and expand digital RMB in many fields. , Metaverse and other technical application scenarios.

Zhejiang, seize the commanding heights of Metaverse development

Zhejiang is the leading province of the national digital economy, and the total scale of the digital economy ranks fourth in the country. When the tide of the Metaverse strikes, Zhejiang is naturally indispensable. In November last year, Zhejiang Province organized a “Metaverse” industry development symposium, hoping to seize the commanding heights of “Metaverse” technology and industrial development.

Zhejiang already has a certain foundation in the development of the “Metaverse” industry, in AR engine, virtual portrait, 3D space and virtual scene construction, new human-computer interaction, 5G cloud network, edge computing, industrial XR interactive engine and game scene There have been certain technical research and product layout in various fields.

The “Guiding Opinions on the Construction of Zhejiang Province’s Future Industry Pilot Zone” issued not long ago pointed out that the future industry pilot zone will be built with artificial intelligence, blockchain, third-generation semiconductors, quantum information, aerospace integration, and advanced equipment manufacturing. And a future industrial development system focusing on the Metaverse and other fields.

Hangzhou, known as the “first city of visual intelligence”, established the Metaverse Special Committee at the end of last year, and mentioned the Metaverse in this year’s government work report, expressing that it will advance the layout of quantum communication, “Metaverse” and other futures industry, and build the “first city of the national digital economy” at a high level.

Jiangsu, to build a demonstration area of ​​Metaverse ecological industry

At the beginning of this year, Binhu District, Wuxi City, Jiangsu Province released the “Taihu Bay Science and Technology Innovation Belt Leading Area Metaverse Ecological Industry Development Plan”. Typical application demonstration project.

By building a Metaverse core industrial zone, a Metaverse innovation incubation park, a Metaverse advanced intelligent manufacturing base, setting up a new Metaverse R&D institution, building a Metaverse public service platform and an alliance of industry associations, by 2025, the entire Binhu District will be built into a Metaverse Ecological Industry Demonstration Zone.

Compete for the capital of the "Metaverse"

Wuxi City established the Metaverse Innovation Alliance last month, and the Wuxi City Metaverse Industrial Park was officially launched at the same time. Subsequently, the finals of the first Yangtze River Delta Metaverse Innovation and Entrepreneurship Competition was held in Binhu District, Wuxi. The Yangtze River Delta Metaverse Alliance and Wuxi Metaverse Innovation and Entrepreneurship Base also announced their settlement in Binhu District.

Nanchang, China’s VR Capital

As early as 2016, Nanchang announced the establishment of the world’s first city-level VR industry base, firing the first shot of my country’s VR industry development. Since 2018, Nanchang has held the World VR Industry Conference for four consecutive years, with a total of 435 signed projects and a total investment of 265.011 billion yuan.

At present, Nanchang has a number of domestic and foreign leading companies in VR-related fields such as Huawei, Alibaba, Tencent, Microsoft, Qualcomm, Ziguang, Hikvision, as well as Lianchuang Electronics, Huaqin Electronics, Xiaopai Technology, Jiangxi Film Creation, A number of VR hardware manufacturing companies such as Triode Optoelectronics have continuously increased their industrial concentration.

With the popularity of the Metaverse concept, the VR industry, which is an important technical support of the Metaverse, has also gained a new round of attention. Next, Nanchang will accelerate the promotion of the quality and rapid development of the VR industry, and strive to build the VR Science and Technology Innovation City into “the first city for demonstration applications of VR in the world”.

In addition to these provinces and cities mentioned above, Zhangjiajie established the Metaverse Research Center last year. Metaverse research will become an important research content in the digital transformation of Wulingyuan District, empowering the tourism industry with digital technology, cultivating emerging tourism formats, and providing tourism services. foundation for digital transformation.

Tangshan also plans to apply the Metaverse to the cultural tourism industry, and has reached a consensus with Zhenghe Ecology on building a Tangshan Flower Sea Carbon Neutral Technology Demonstration Zone. Zhenghe Ecology “Life Kingdom” is one of the main projects, and the product is positioned as the first Metaverse • Life Kingdom theme park in China.

In December last year, the Sanya Municipal Government and NetEase signed a strategic cooperation agreement.According to the agreement, NetEase will set up the NetEase Hainan headquarters in Sanya and build the NetEase Metaverse Industrial Base Project.

Last month, Wuhan City proposed in the government work report to accelerate the expansion of the digital industry and promote the integration of the Metaverse, big data, cloud computing, blockchain, geospatial information, quantum technology, etc. with the real economy.

Hefei City also wrote the Metaverse into the government work report, mentioning that it will deploy future industries in the next five years, aiming at cutting-edge fields such as Metaverse, superconducting technology, and precision medicine.

Compete for the capital of the "Metaverse"

In fact, not only in China, but also in some places abroad are also accelerating the layout of the Metaverse industry. For example, the Seoul Metropolitan Government announced in November last year that it would create a Metaverse government affairs platform to provide public services to citizens. According to Yonhap News Agency, the project plans to cost 3.9 billion won (about 20.72 million yuan).

In fact, the “Metaverse” has been deployed in various places. On the one hand, it is based on the strategic premise of the state supporting the development of the digital economy. In 2020, the added value of my country’s digital economy core industries will account for 7.8% of GDP. By 2025, this proportion will increase to 10%.

Therefore, cities with a good digital economy foundation, facing this new track, hope to grab a good pass before firing the shot, so as to gain the initiative in future development.

On the other hand, the Metaverse can bring unlimited imagination to the future development of cities. Wang Zhijun, Vice Minister of the Ministry of Industry and Information Technology, previously stated: “The virtual reality industry is the key direction of my country’s digital economy development. During the ’14th Five-Year Plan’ period, it is expected to enter a period of accelerated take-off, realize large-scale application in a wider field, and generate new kinetic energy for economic development.”

Since the Metaverse is not a single industry and involves an extremely wide range of fields, it must be driven by top-down policies. Moreover, the attitude of the local government towards the Metaverse is obviously different from that of the capital circle, and it will pay more attention to the integration with the real industry.

Therefore, players who pay attention to the Metaverse should pay more attention to the specific policies issued by various places.

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