The Chinese city of Wuhan has reportedly abandoned its plan to include NFTs in the city’s metaverse development. The latest version of the Wuhan government’s industrial plan on the city’s metaverse development no longer mentioned NFTs, which originally appeared in the draft proposal in August. The latest report, however, still said the government would promote the development of Web3 and encourages companies to explore “decentralized operation models”. The government revealed in the report that it intends to cultivate or attract more than 200 metaverse companies in the city, and build at least two metaverse industrial estates by 2025.
Source: https://cointelegraph.com
