Beijing unveils white paper to foster Web3 innovation and development, recognizing it as the future of internet industry.
Beijing, the capital city of China, has reportedly unveiled a white paper with the objective of fostering innovation and advancing the web3 industry.
, the document recognizes web3 technology as an"inevitable trend for future Internet industry development."for the digital economy, the commission plans to allocate a minimum of $14 million annually until 2025. Yang Hongfu, the director of the Zhongguancun Chaoyang Park management committee, revealed this during the forum, highlighting that Zhongguancun is commonly recognized as China's Silicon Valley.
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