Digital economy and metaverse: close integration in future trends

The Metaverse is a virtual world parallel to the real world, consisting of a series of interrelated technologies. In this virtual world, people can enter it through VR, AR and other devices and interact with virtual characters. At the same time, people can also use blockchain technology to record and store virtual assets. In this metaverse, people can carry out online office, shopping, entertainment, social networking and other activities. In addition, the Metaverse is also closely related to the digital economy. For example, the application of VR/AR technology will drive the demand for AR/VR equipment, and blockchain technology can allow people to store and transmit digital assets more securely. It can be said that the Metaverse will become an important direction for the next generation of Internet applications, and will also give birth to many new business formats and new models.

The Metaverse is a virtual world, but it also exists parallel to the real world. It contains various virtual scenes and experiences, such as games, entertainment and social networking. With the arrival of different development stages, the technologies required for them are also constantly evolving and developing. Therefore, the Metaverse is a constantly evolving process, with each step placing new demands on technology.

At present, the related technologies of the Metaverse are becoming increasingly mature, and their development prospects are very broad. As China's economic strength increases, people's expectations for future life are getting higher and higher, which will further inspire more people to invest and consume in the Metaverse. For the Chinese market, the Metaverse will occupy a vast market space, and for Metaverse-related technologies and products, its development prospects are also very broad.

Many companies and projects related to the Metaverse have emerged in China, including large technology companies such as Huawei, Tencent, and Xiaomi, as well as some small and medium-sized technology companies. In addition, many research institutions are also actively exploring related fields of the Metaverse. Among them, the Computer Network Information Center of the Chinese Academy of Sciences and the University of Science and Technology of China are one of the more representative research institutions.

Huawei’s technology in the metaverse field mainly focuses on augmented reality (AR) and virtual reality (VR), and has launched a number of AR/VR devices, including Huawei’s AR glasses. In addition, Huawei has also launched its own metaverse platform "Metaverse" and applied it to many fields such as office and entertainment. In addition, Huawei is also actively developing "digital twin" technology to better support the development of the Metaverse.

Tencent’s Metaverse platform mainly focuses on the XR field. It has launched a number of product applications, such as “Tencent NetEase Cloud”, and is also building a digital twin technology system. According to statistics, as of the end of 2021, more than 500 Metaverse-related technologies and services have been provided.

Xiaomi has made important developments in the fields of XR and blockchain. In terms of XR, Xiaomi mainly focuses on virtual reality (VR), augmented reality (AR) devices and smart glasses. Among them, Xiaomi’s all-in-one VR machine “Xiaomi VR Glass” is an excellent virtual reality helmet. In terms of blockchain, Xiaomi launched its own blockchain platform "Xiaomi Public Chain" and actively cooperated with other blockchain companies and achieved some results.

In addition to Huawei and Tencent, ByteDance has also carried out relevant research and exploration in the Metaverse. According to statistics, ByteDance has established the "Metaverse Research Institute" in 2020. In addition, ByteDance has also launched a series of Metaverse-related products and applications, such as "ByteDance Metaverse Star Map", Internet companies such as NetEase and ByteDance, as well as some large entities such as China Mobile and China Unicom. . In addition to Internet companies, government agencies are also actively promoting the development of the Metaverse. Meta Universe Headline (WeChat id: TopMetaNews) For example, the National Development and Reform Commission issued the "Opinions on Promoting the Construction of a Quarter-Minute Convenient Living Circle in the City" in November 2020, which clearly stated: "Promote physical commerce, cultural tourism, catering and accommodation, etc. The field is deeply integrated with the Internet to support the development of digital innovative services." At the same time, relevant departments also encourage enterprises to carry out R&D and application demonstrations of Yuanverse technology.

Overall, China has been at the forefront of the world in research and development in the field of metaverse, but it also faces some challenges.

The Metaverse is a huge digital space, its application scenarios will be more and more, and it will also involve traditional industries. China’s Metaverse technology is currently mainly concentrated in fields such as AR/VR, blockchain, digital twins and cloud computing. These technologies provide the infrastructure for the Metaverse, and the Metaverse can also provide application scenarios for these technologies. For example, through AR/VR technology, users can better experience the "game world"; through blockchain technology, secure storage and transmission of digital assets can be achieved; and through cloud computing technology, virtual meetings, virtual offices, etc. can be realized development of activities.

Currently, digitalization has become an important engine for promoting economic and social development. The digital economy is a new economic form that uses digital knowledge and information as the main production factors, modern information networks as the main carrier, and information and communication technology as the main means, and plays an important supporting role in economic and social development. In the era of digital economy, the Metaverse, as an important part of the digital economy, has a natural correlation with the digital economy. The integration and development of digital technology and other technologies will further promote the arrival of the metaverse era. At the same time, the Metaverse will also have a profound impact on the development of my country’s digital economy.

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