Recently, after in-depth communication with the Metaverse Working Committee of China Association for Private Science and Technology Enterprises (hereinafter referred to as the "Metaverse Working Committee of CAPSTE"), Mightary LED officially joined the committee as a standing member unit based on a shared strategic consensus, aiming to bolster its own development in the metaverse field.
In the era of widespread 5G commercialization and the Internet of Everything, the concept of the "metaverse" has gained increasing popularity, and its related industrial chain is thriving. AR/VR technologies are key to enabling the metaverse experience, while display technologies such as Mini LED and Micro LED serve as the primary carriers for hosting metaverse content and facilitating human-computer interaction, boasting broad prospects.
The Metaverse Working Committee of CAPSTE is the first national social organization dedicated to the metaverse. Initiated by nearly 70 institutions covering "industry, academia, research, application, finance, and services," it aims to promote the healthy and orderly development of the metaverse industry and empower upgrades in various sectors through the "metaverse +" model.
With the advancement of information technology, the LED display industry is integrating more rapidly with the metaverse. As a listed subsidiary of a state-owned enterprise, Mightary LED has not only delved deep into traditional display technologies but also actively explored cutting-edge technologies, laying out its presence in the metaverse track. It has successfully implemented projects such as the Metaverse at Metrocity in Shanghai, Grandview Mall in Guangzhou, and Kuanzhai Alley in Chengdu. Additionally, it has been recognized as the 2022 Huizhou Engineering Technology Research Center for Glasses-Free 3D LED Displays by the Huizhou Science and Technology Bureau, achieving technological breakthroughs.
According to the forecast in the "Digital Twin White Paper" by the Ministry of Industry and Information Technology, the market size of new-type smart cities in China is expected to reach 1.3 trillion yuan by 2023. Key technologies for metaverse cities, such as artificial intelligence and digital twins, have been incorporated into the "14th Five-Year Plan," indicating a promising future.
After joining the Metaverse Working Committee of CAPSTE, Mightary LED will leverage the platform's resources to connect with local governments and industrial partners nationwide. It will deepen the promotion of the "display + metaverse" track, expand its business scope, enhance its influence in the metaverse industry, and contribute to the industry's development.
