A boy wearing a VR headset learns how to escape from fire on November 12, 2022 in Nanchang, China’s Jiangxi province.

Synopsis

Amid heightened regulatory scrutiny over crypto transactions, Chinese startups are facing difficulties in developing the audience and market for metaverse and Web3. Companies investing in metaverse and Web3 projects have many challenges to overcome. These include financial risks such as money laundering, tax compliance, intellectual property rights violations, and illegal fundraising.

Guo Yingzhe and Guan CongMetaverse and web3 have become buzzwords in the global technology industry in the past two years, as they are believed to be integral parts of the next generation of the Internet. take advantage of opportunities, attracting large investments from private equity and venture capital funds to institutional investors and technology giants. metaverse is a

FOR

Caixin Global

December 27, 2022, 05:00 am IST

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