China Publishes Web3 Whitepaper, Airs Crypto Adoption Video Ad

China has unveiled a whitepaper aimed at promoting the innovation and development of the web3 industry. Titled “Web3 Innovation and Development White Paper (2023),” the document highlights web3 technology as an “inevitable trend for future Internet industry development.”  The whitepaper release took place at the Zhongguancun Forum, with the Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, leading the initiative. According to a report from local news outlet The Paper, the document emphasizes the commission’s vision of establishing Beijing as a global innovation hub for the digital economy.  As part of this