According to a local news source, the Shanghai Fengxian District has launched the “Tax Metaverse,” a virtual world aimed at enhancing the experience and efficiency of tax payment.
With technology such as realistic 3D modeling, avatars, and more, the metaverse is capable of providing services similar to those found in the real world, such as remote consulting, self-service tax processing, courses on demand, and more.
As a result, the Tax Metaverse will provide citizens with “scenario-style” services, successfully resolving the tax processing issues of over 60,000 corporate taxpayers in the park and nearby areas.
The metaverse would also include the “MR digital counter,” which would employ interactive technology to complete the integrated linkage with the offline tax service hall, therefore supporting the transformation and upgrading of tax service in the new scenario of tax collection and interaction.
According to Feng Weidong, Secretary of the Party Committee and Director of the Fengxian District Taxation Bureau, Fengxian Taxation will continue to broaden the scope of tax and fee co-governance and enhance tax payment.
For some time now, China has been taking Web3 technology seriously. In fact, Shanghai has already implemented numerous metaverse applications across twenty of its metropolitan districts. To kick off the new year, China made a big announcement – the launch of the world’s first regulated non-fungible token (NFT) marketplace. This move demonstrates China’s continued commitment to exploring and embracing the potential of Web3 technology.