News Snapshot:
China’s largest city, Shanghai, officially intends to boost the development of innovations such as blockchain, NFTs, the metaverse , and Web3 in general during its upcoming five-year plan. On July 13, The Shanghai Municipal Government published the draft of its “14th Five-Year Plan for the Development of the Shanghai Digital Economy”. The document states the mission to “promote the deep integration of digital technology and the real economy”, with “scientists judging technological prospects” and “entrepreneurs discovering market demand”. The plan suggests supporting companies that plan to build NFT trading platforms and “research and promote the digitization of NFTs and other...
