The Beijing authorities sent the “Metaverse Innovation and Development Action Plan” for 2022-2024 to the district institutions and committees. The purpose of the document is to promote the development of Web3 and the industries associated with the segment. Beijing sees the metaverse as a new generation of information technology that will develop the Internet in the direction of Web3. The plan also aims to develop industries related to the metaverse and help Beijing “create a reference city for the digital economy.” The authorities demanded that municipalities build technological infrastructure and promote its use in various areas, including education and tourism....