The Chinese Communist Party’s mouthpiece newspaper has issued a fresh warning about the metaverse, this time targeting speculators who engage in virtual property sales, saying they risk “getting burnt”.In a commentary published on Thursday, the People’s Daily said property sales in the metaverse resembled “product financialisation” and carried risks of volatility, fraud, illegal fundraising and money laundering.Conceptually, the metaverse promises a lifelike, immersive virtual world where…

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