Jiangning district in Nanjing City, China has unveiled its three-year metaverse development plan, which aims to attract 200 metaverse companies to the district and train 10,000 professionals in the industry.

The plan also includes building an industry with an annual revenue of 20 billion yuan ($2.80 billion) by the end of 2025 and constructing 50 research centres and laboratories in areas such as blockchain, artificial intelligence, virtual reality and brain-computer interface.

The district's roadmap was announced at a joint summit on metaverse and artificial intelligence-generated content, where 16 metaverse-related projects were unveiled with a total investment of 8.1 billion yuan ($1.13 billion).