A Hangzhou-based data firm has confirmed that it is working on the application of the digital yuan and the metaverse in the upcoming 2022 Asian Games. 

See related article: China’s digital yuan app now publicly accessible, one step closer to launch

Fast facts

  • In addition, a metaverse will be built for the Asian Games, with state-owned telecommunication giant China Telecom announcing that a 5G-powered VR/AR viewing platform is in the works for the sporting event. 

See related article: 2022 Asian Games in Hangzhou to sell torch NFTs supported by Alipay