China’s technology giants from Tencent to Alibaba and ByteDance are investing in the metaverse, a market that could be worth $8 trillion in the future.
Analysts said these existing pieces of legislation will likely be used to regulate metaverse applications as well, even as new ones are developed.
"Each specific application would receive its own unique set of regulations that builds upon existing legislature.""We should also expect to see strict censorship, meaning there will most likely be an isolated, Chinese metaverse that is separate from the international," Liu said.
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