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The capital city of China’s Jiangsu province, Nanjing, has launched a new government-backed metaverse platform. Specifically, the China Metaverse Technology and Application Innovation Platform is set to advance development in the sector across the country. The new program is being headed by the Nanjing University of Information and Science Technology (NUIST). Moreover, an official announcement noted the founding members of the platform. All representing various academic institutions and metaverse -centered companies throughout the county.  JUST IN: China launches government-backed # metaverse platform. — Watcher.Guru (@WatcherGuru) May 24, 2023 China Presents State-Backed Metaverse Platform In a very interesting development for the industry and the country, China launched a government-backed metaverse platform. Moreover, it is set to combine the resources of various academic enterprises and institutions throughout the country. Subsequently, in hopes of more develop...

The metaverse is for more than enthusiasts and consumers, it is also for the B2B community and beyond. The cannabis industry has long been fragmented, both geographically and politically. Recognizing this, Mark Bonner, CEO of Cannaverse Technologies and creator of Cannaland, decided to take matters into his own hands. With a background in renewable energy, Mark Bonner brings a unique perspective to the cannabis industry. He saw the potential for a more streamlined, efficient and secure approach and set out to create it — a metaverse known as Cannaland. It is the world's first cannabis platform powered by blockchain technology, and Mark Bonner is at the forefront of the industry, leading the charge for a more unified, sustainable future. Given his extensive experience, our team at Cointelegraph felt it was only fitting to sit down with Mark Bonner to discuss his vision for the industry and how the metaverse plays a role in it. Cointelegraph: With all the talk of the metaverse and w...

Giant consulting firm Accenture’s 2022 Payments report has revealed that more users are turning to virtual assets as a payment method. This is despite the unstable condition of the crypto market over the past year.  The future is digital, even for face-to-face payments,” said the report. Next-Gen Payment Options on the Rise  The company took a survey of 16,000 customers in 13 countries across Asia, Europe, Latin America, and North America. Per the survey, while banks and traditional finance systems such as credit cards and fiat money are still in the lead in terms of use, digital wallets are also on a steady rise. According to Accenture, digital wallets bridge the gap between offline and online payment. This is reportedly because they often help digitize a consumer’s existing debit or credit card.  56% of the survey respondents revealed that they used digital wallets to process transactions over five times a month. Users in the Asia-pacific region were in the lead regarding th...