GUANGZHUO -- China's fledgling metaverse sector is on track to grow into a market exceeding $50 billion by the middle of the decade, with signs of an overheating industry drawing the attention of regulators.
The metaverse social app called Jelly made headlines in mid-February when it replaced WeChat as the top-ranked free iOS app. WeChat, the social media platform that boasts over 1.2 billion users, had held the crown since 2019.
