Chinese game developers jump on metaverse bandwagon, sending stock prices soaring

Sep 14, 2021 9:01 am

The metaverse carries different meanings for different people. For some, it’s where clans are built to work toward common goals in video games. For others, it represents a new way of collaborative work. In any case, metaverses are being built as shared virtual environments that will challenge the way our minds and bodies interact with digital spaces.

While the metaverse concept has begun to shape some forms of entertainment, like in the video games Fortnite and Roblox, Facebook’s Mark Zuckerberg has also said his firm will “transition from… being a social media company to being a metaverse company.” Not ones to be left behind on the latest consumer technology, Chinese firms are also carving out their own version of the metaverse—or at least claiming to.


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