Weifang officially released two yuan universe policy documents, and plans to reach 350 billion yuan by 2026

On February 24, Weifang officially released the Several Policies on Accelerating the Development of the Meta Universe Industry, which includes 22 policies and measures in six aspects, 19 of which involve financial support. In addition, the reporter learned from the Weifang Municipal Bureau of Industry and Information Technology that the “Weifang Action Plan to Build the Capital of Metauniverse Technology Innovation and Industry (2023-2026)” has been officially printed and issued, which clearly carries out industrial demonstration application actions, and carries out industrial application pilot in six fields, including industry, education, culture and tourism, medical treatment, consumption and smart city, to explore the application potential of Metauniverse in multiple industries and multiple scenarios, Promote the integration of metauniverse technology and practical application scenarios.

Interpretation of this information:

The city of Weifang in China has released a set of policies aimed at accelerating the development of the Meta Universe industry. The policy includes 22 measures in six aspects, with almost 19 of these measures focused on financial support. Along with this, Weifang has now printed and issued the “Weifang Action Plan to Build the Capital of Metauniverse Technology Innovation and Industry (2023-2026).” This plan calls for industrial demonstration application actions and the implementation of industrial application pilots in six distinct fields, including education, tourism, healthcare, industry, consumption, and smart cities. These pilots will help explore the application potential of the Meta Universe in various industries and scenarios, paving the way for further integration between this technology and practical scenarios.

The Meta Universe industry typically refers to a virtual world that combines both real and virtual elements. This type of space is made possible via new technologies like virtual reality, augmented reality, and 5G networks. Weifang’s policy and action plan signify the region’s desire to establish itself as a hub for innovation within the emerging Meta Universe industry, providing the necessary resources and support for relevant businesses.

The policies set out by Weifang are mainly focused on financial support and highlight the authorities’ willingness to work alongside businesses to explore the potential of the Meta Universe in different industries. The industrial application pilots proposed further illustrate Weifang’s desire to experiment with Meta Universe technologies to better understand their applications and, in turn, support the integration of these technologies into practical scenarios.

In conclusion, Weifang’s policies and action plans are a clear indication of the city’s determination to take a leading role in the development of the Meta Universe industry. The focus on financial support and the implementation of industrial application pilots demonstrate the authorities’ desire to cultivate an environment favorable to innovation and to explore the full potential of this emerging technology.