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The policies introduced by the city offer financial incentives to encourage companies involved in the metaverse industry to establish their operations in the area. These incentives aim to attract metaverse-related businesses and provide them with monetary benefits to support their growth and development.On May 24, the Chinese city of Zhengzhou revealed a set of plans to assist metaverse companies operating in the area. As a part of these initiatives, the local government will create a special fund valued at 10 billion yuan ($1.42 billion) to promote the growth and advancement of the metaverse industry. This fund aims to provide financial support and resources to nurture the development of metaverse-related businesses in the region.Read Full Article Here: <a href="https://cryptosheadlines.com/chinese-city-unveils-policy-draft-to-foster-metaverse-industry-growth/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/chinese-city-unveils-policy-draft-to-foster-metaverse-industry-growth/</a>

Chinese City Unveils Policy Draft to Foster Metaverse Industry Growth

CryptosHeadlines.com

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