- The Chinese central government is planning a strategic document for Web 3.0.
- The focus includes non-fungible tokens (NFTs) and dApps, with an emphasis on cross-chain capabilities.
- China also aims to participate in global standardization activities for Web 3.0.
The Chinese central government has announced plans to draft a strategic document for the development of Web 3.0. The initiative aims to foster the growth of non-fungible tokens (NFTs) and dApps.
The country will emphasize advancements in cross-chain capabilities, privacy computing, and smart contracts. They are also focusing on promoting the development of decentralized identity (DID) technologies.
This announcement follows as a response to Proposal No. 02969 of the First Session of the 14th National Committee of the Chinese People’s Political Consultative Conference, issued by the Ministry of Industry and Information Technology. The Ministry outlined a comprehensive roadmap to facilitate the progression of Web 3.0 within the country.
One of the primary objectives is to enhance the top-level design of Web 3.0, aligning it with the national conditions of China. The Ministry plans to develop a ded…
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