Hengqin to develop ‘Metaverse’ testing ground together with Chimelong Group – Macau Business

Hengqin authorities have announced plans to develop aMetaverse Super Testing Groundthat will include a 3,000-square meters technology exhibition hall.

The project will focus on the study of real-life applications of the concept and will be developed together with the group responsible for Chimelong Group Co., Ltd,the group responsible for the ChimelongOcean Kingdom in Hengqin.

Themetaversecan be defined as a simulated digital environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media.The Metaverse Super Testing Ground to be built in Hengqin willput itsfocus on the development ofsome majorindustries,including cultural tourism, exhibitions, high-end manufacturing, and smart cities, Nie Xinping, Deputy Director of the Executive Committee of the Guangdong-Macau In-depth Cooperation Zone in Hengqin indicated yesterday (Tuesday).Concrete construction plans, technical approaches and timetables for the testing grounds developmentwillbeformulated soon,with the aim to becreatingaMeta-Hengqinand makingthe possibilities of future life and technologyto be applied in reality, the deputy director said at the Hengqin Metaverse Discovery Road High-level Expert Seminar.In the early incubation stages of the metaverse industry, Hengqin will cooperate with the Chimelong Group Co., Ltd to create the Metaverse Super Testing Ground.The Chimelong Group owns and operates theme parks in mainland China, with its tourism resorts located at Hengqin District in Zhuhai, Guangzhou and Qingyuan.

The testing is to be constructed into a technology exchange platform with support provided by the government and no participation restrictions while adopting a market-based approach to verify the technical feasibility of the metaverse products and generate large-scale replication and promotion of commercial models.The Chimelong Group also plans to build a Metaverse technology exhibition hall of no less than 3,000 square meters, for the display and integration of Metaverseproducts.A Special Office on Promoting the Development of the Metaverse Industry in the Cooperation Zone has been jointly established by the Economic Development Bureau, Legal Affairs Bureau, Financial Development Bureau, Commercial Service Bureau, and Livelihood Affairs Bureau of Hengqin.In the future, the cooperation zone will launchaThree-Year Action Plan for the Development of Metaverse Industries, while studying and implementingtheSeveral Measures to Promote the Development of Metaverse Industries,so as toprovide institutional protection for the development of the metaverse industries.The acting director of the Economic Development Bureauof Hengqin, Li Ziwei, expressed that the cross-border development characteristics of Metaverse are highly compatible with the development direction of the four major industries high-tech manufacturingandscientific research, Macau-branded industries, tourism and exhibition services, and modern finance in the cooperation zone, and themetaverse industry can promote the construction of Hengqin as an internet industry cluster and international digital trade hub port.At the same time, Zhu Jiaming, chairman of the Academic and Technical Committee of the Hengqin Digital Finance Research Institute, noted that Hengqin can share the international scientific research resources and cultural tourism market in Macau, and the digital economy and high-tech resources of the Greater Bay Area.Hengqin can choose its own advantages and characteristics to develop related industries, attract high-quality corporate resources, to build a regional or even international metaverse base,the scholar added.

Read more from the original source:

Hengqin to develop 'Metaverse' testing ground together with Chimelong Group - Macau Business