🔮Clarifying misconceptions about Beijing's "Web3" white paper | Following the yuan

Don't get too excited about the document's implications for the crypto/NFT market; however, it further shows that China's bullish on hi-tech.

This is a quick post about Beijing’s new white paper on “Internet 3.0”, which after China banned all crypto transactions in 2021, has been seen as “wind of change” and “shift in tone” by some professionals.

Well, it’s not, and the misconception larges comes from the mistranslation of the document title.

What is it? Dubbed the "Innovation and Development…