Friday, July 1

Baidu’s metaverse app will take 6 years to fully launch, according to its VP By CoinTelegraph

© Reuters. Baidu’s metaverse app will take 6 years to fully launch, according to its vice president

Chinese internet giant Baidu (NASDAQ 🙂 does not expect to launch its XiRang metaverse app anytime soon, even though the app initially debuted on Monday, according to a senior executive.

Baidu Vice Chairman Ma Jie believes there is still “six years” to go before the full launch of XiRang, CNBC reported Thursday. He noted that development of the app started in December 2020.

  • Baidu would aim to address the chip shortage affecting games, cryptocurrencies and cars

Ma talked about “Create 2021”, Baidu’s upcoming annual developer event, which the company promotes as the first Chinese conference to be held in a metaverse space via XiRang. The app will reportedly allow up to 100,000 virtual members to interact with each other using avatars from the metaverse at the three-day conference starting Monday.

Read the full article on Cointelegraph

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