Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties and more
In early November, the Chinese government made an ambitious plan to boost the nation’s VR industry, and now it seems local tech companies are using the World Cup to test-run their products. Chinese firms bet on “Metaverse-like” experiences for FIFA World Cup China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. The efforts are part of a five-year plan released by the Chinese government in early November to boost the capabilities and development of the local virtual reality (VR) industry. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup and plans to create a “Metaverse-like” space accessed through VR headsets for users to watch a livestream of the game, according to a Nov. 20 report from the state-run media outlet Global Times. ByteDance, who owns TikTok and its Chinese version Douyin, received licensing rights to air the...