Chinese companies are rushing to the fore to develop their metaverse ideas, though state media have recently warned about the associated risks the emerging technology could bring.
Fast facts
- An opinion piece published yesterday by state-owned Economic Daily said the hotter the metaverse gets, the more the public should stay calm.
- The author wrote that in the future when the technology matures, there will be social, ethical and rule-of-law issues when it comes to constructing and governing the metaverse, which would come with great uncertainty. It’s like “licking the blood on the edge of a knife” for small and midsized investors to jump in and invest in the metaverse, the article said.
- The article also argued that from the market’s perspective, it’s too early to pump up the value of a company based on its metaverse plan.
- This is not the first time for Chinese state media to express concerns over the metaverse. Earlier this month, a commentary on People’s Daily said many have been…
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