Follow South China Mornng Post, Baidu said on December 10 that the first metaverse product called Land of Hope, called Xi Rang in Chinese, will launch on December 27 as a virtual website for artificial intelligence developers’ conference. (AI) three-day run by the Beijing-based company this year. This will be the first Chinese conference to be held in the metaverse space. Baidu boasts its platform will be able to handle 100,000 interactive participants at once.
|The City of Creators in Baidu’s Land of Hope, the metaverse app the internet search giant is launching this month|
“Metaverse is still in a very early stage of development, it will take a long time for the whole community to work together to build and improve it,” said Ma Jie, Baidu vice president and head of Xi Rang.
The concept of metaverse gained widespread attention in October 2021, when Facebook changed its name to Meta. This technology can be easily defined as 3D space, where users role-play, share and interact virtual with each other. Meta on December 9 said it would open its Horizon Worlds virtual reality (VR) avatar product app to anyone over 18 in the US and Canada.
Amid extreme excitement about the metaverse, companies around the world have shown a commitment to the concept. China’s major tech firms, especially gaming giants Tencent Holdings and NetEase, have sought to reassure investors of their interest in the nascent market, which is expected to hit prices valued at $800 billion by 2024. China’s three state-owned telecommunications companies, including China Mobile, China Unicom and China Telecom, last month partnered with several technology companies to form the Industry Commission. Metaverse industry, China’s first industry group dedicated to metaverse.
However, Chinese companies are still more cautious when it comes to participating in the metaverse, especially at a stage when there are signs that it could be a politically sensitive topic. A Chinese state-backed think tank has warned of the national security risks associated with the metaverse, and a state-run newspaper has reminded investors not to pour money into the concept of “immature”. Fort”.
Ni Zewang, chairman of the state-backed investment firm Shenzhen Capital Group, said in an interview last week that the metaverse cannot create value “without a real application scenario”.
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At launch, Xi Rang will be one of the first Chinese metaverse products to hit the market. Baidu says the virtual world is a Wonderland-like planet where users can meet monks trained in Shaolin martial arts and famous fictional characters like Optimus Prime in the game. sci-fi action series Transformers.