Metaverse-based social products are rapidly emerging as the new trendy focus for the Chinese tech world. In response to Qimai Knowledge, about 228 apps in China have added “metaverse” to their descriptions to date, 169 of which declare to be metaverse social apps, however there are important doubts throughout the market.

Chinese social media platform developer Inkeverse recently launched a metaverse social product called The Place for abroad markets. Bianfeng Community, a subsidiary of Zhejiang Each day Digital Tradition, has additionally taken a stake in a metaverse social firm. Social platform Soul regarded “metaverse” as a key phrase throughout promotional actions as early as 2021. TikTok proprietor ByteDance also launched Party Island, its first social product within the metaverse.

Web giants are utilizing their investments to achieve income within the area. Following its funding in metaverse social platform Imvu final yr,

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