China's Four Departments Jointly Issue Implementation Plan, Focusing on Metaverse and Generative AI
The Ministry of Industry and Information Technology (MIIT), along with the Ministry of Science and Technology, the National Energy Administration, and the National Standardization Management Committee, has released the Implementation Plan for the Standardization Pilot Project of New Industries (2023–2035). This plan primarily targets standardization work in emerging and future industries, identifying key areas as "8+9."
Emerging Industries: Focus on eight major sectors:
- Next-generation information technology
- New energy
- New materials
- High-end equipment
- New energy vehicles
- Green environmental protection
- Civil aviation
- Marine engineering equipment
Future Industries: Concentrate on nine cutting-edge fields:
- Metaverse
- Brain-computer interfaces
- Quantum information
- Humanoid robotics
- Generative AI
- Biomanufacturing
- Future displays
- Future networks
- New energy storage
The plan aims to accelerate innovation and industrial upgrading through standardized frameworks.
Oman Launches $370M Cryptocurrency Mining Center
According to Cointelegraph, Oman has invested $370 million to establish a new cryptocurrency mining center in the Salalah Free Zone. The facility, operated by local firm Exahertz International in collaboration with Dubai-based Moonwalk International, is part of Oman's broader digital economy strategy.
Key Details:
- Initial Phase: 2,000 machines online, consuming 11 MW of power.
- Full Scale: By October 2023, 15,000 machines will be installed using Bitmain’s latest hardware.
- Electricity Costs: Approximately $0.166 per kWh for commercial operators (2022 data).
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This follows another Omani mining center launched in November 2022 with a $389M investment.
Blockchain Gaming Publisher Xterio to Launch NFT Marketplace
Xterio, a blockchain gaming publisher, announced via its official X account that it will launch an NFT marketplace within weeks, featuring innovative minting, holding, and trading rewards. The platform aims to redefine NFT incentives to balance stakeholder interests fairly.
- Background: Binance Labs invested $15M in Xterio in July 2023.
Bitcoin Developers Dispute Craig Wright’s Claim to 111K BTC
Bitcoin Legal Defense Fund, supported by Jack Dorsey and others, filed a court document refuting Craig Wright’s assertion of owning 111,000 BTC. Developers argued:
- No Evidence: Wright’s Tulip Trading Ltd. never possessed the BTC.
- Alleged Fraud: Submitted forged documents to claim ownership.
The case stems from Wright’s 2021 lawsuit accusing developers of neglecting "fiduciary duties" by refusing to create a backdoor for BTC recovery.
Indian Exchange CoinDCX Cuts 12% of Workforce Amid Bear Market
Indian crypto exchange CoinDCX laid off 71 employees (12% of staff) due to prolonged bear market conditions and stringent local tax policies. A spokesperson stated the roles no longer aligned with business priorities.
AI & Web3 Startup Moonbox Secures Bing Ventures Investment
Hong Kong-based Moonbox, an AI and Web3 startup, received strategic funding from Bing Ventures. The company holds IP rights to Stephen Chow’s films (Journey to the West: Conquering the Demons, The Mermaid) for NFT projects.
- Previous Investment: OKX Ventures invested $1M in August 2023.
FAQ Section
Q1: What are China’s key future industries?
A1: Metaverse, generative AI, quantum information, and six other cutting-edge sectors.
Q2: How much did Oman invest in its crypto mining center?
A2: $370 million, with plans to install 15,000 machines by late 2023.
Q3: What is Xterio’s NFT marketplace offering?
A3: Novel reward mechanisms for minting, holding, and trading NFTs.
Q4: Why did CoinDCX reduce its workforce?
A4: Due to India’s crypto tax policies and prolonged market downturn.
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