Media: Baidu's metaverse will take six years to develop
It is about the XiRang project, in which the IT giant is creating a global infrastructure for the metaverse
27.12.2021 - 09:25
340
1 min
0
What’s new? According to the CNBC reports, it may take up to six years for the Chinese tech company Baidu to fully launch its XiRang metaverse project. The media stressed that the current level of infrastructure development is far from ideal.
What is known about Baidu's metaverse? The project, called XiRang, is currently in the initial stage of development. The open source platform can host up to 100 000 users at a time, but so far there have been glitches with the uploading of avatars and virtual spaces.
According to Baidu vice president Ma Jie, the Chinese metaverse has no plans to use cryptocurrencies or speculative assets in the form of virtual real estate. At that, the platform will be based on a technology “similar to blockchain.”
Useful material?
Telegram 
Twitter Market
The criminal funds were moving on the Ethereum and TRON networks
May 16, 2025
Crypto regulations
The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure
May 14, 2025
Market
The exchange’s daily volume surpasses the $3 billion mark
May 12, 2025
Market
According to anonymous sources, Facebook’s parent company will add support for USDT and USDC
May 9, 2025
Market
An on-chain analysis revealed buyer activity minutes before the official launch announcement
May 6, 2025
Incidents
Most validators implemented the necessary changes back in April
May 5, 2025
Cryptocurrency rates
-
Bitcoin
$103 660
BTC
+0.24%
-
Ethereum
$2 574.95
ETH
+1.59%
-
Ripple
$2.4
XRP
-1.91%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.224494
DOGE
+1.33%
-
Cardano
$0.765546
ADA
-0.25%
-
Stellar XLM
$0.294208
XLM
-0.44%
-
Bitcoin Cash
$397.94
BCH
+0.61%
-
Litecoin
$99.87
LTC
+0.49%
-
Polkadot
$4.79
DOT
-0.07%