The Chinese city of Zhengzhou has unveiled a plan to develop the metaverse industry. The plan includes a $1.42 billion fund to support metaverse companies, as well as tax breaks and other incentives.

The plan aims to make Zhengzhou a hub for metaverse development in China. The city has a strong foundation in technology and manufacturing, and it is home to a number of universities with strong programs in computer science and engineering.

The metaverse is a virtual world that is created using a combination of virtual reality, augmented reality, and blockchain technology. It has the potential to revolutionize a wide range of industries, including gaming, education, and entertainment.

Zhengzhou’s plan is a sign of the growing importance of the metaverse. The city is hoping to attract metaverse companies from around the world and become a leading player in the industry.