Chinese companies bet on ‘Metaverse-like’ experiences for FIFA World Cup

China-based tech companies are reportedly working on technology that would give Chinese soccer fans the ability to watch the FIFA World Cup inside the Metaverse.

The efforts are part of a five-year plan launched by the Chinese government in early November to boost the capabilities and development of the local Virtual Reality (VR) industry.

Video streaming platform Migu is one of six Chinese companies that has secured the rights to show the World Cup and plans to create a “metaverse-like” space accessed through VR headsets for users to watch. a live stream of the game, according to a November statement. Report of 20 of the state media Global Times.

ByteDance, owner of TikTok and its Chinese version Douyin, received the license…