China Information Technology Development Limited announced a strategic joint venture with Petaverse. This collaborative partnership aims to redefine pet entertainment and technology by combining Petaverse's expertise in virtual pet development with CITD's technological prowess. The joint venture capitalizes on the shared vision of CITD and Petaverse to revolutionize the pet industry and create immersive experiences that blend the virtual and physical worlds.

By harnessing advanced artificial intelligence, augmented reality, and cloud computing technologies, the collaboration seeks to redefine pet ownership and provide interactive and engaging digital experiences for pet enthusiasts globally. The Petaverse platform creates a unique virtual pet world for online pet owners, pet stores and metaverse players by allowing an open source environment where everyone can interact, play, learn and earn rewards with their virtual pets. Petaverse will also integrate the latest Web3 technology that will help the users and the community to be connected worldwide.

As part of the joint venture, Petaverse and CITD will combine their resources, expertise, and market insights to develop a range of interactive virtual pet products, applications, and services. The collaboration aims to seamlessly integrate virtual and physical pet experiences, empowering pet owners with unprecedented opportunities for engagement, education, and entertainment. By harnessing the power of technology and the love for pets, the joint venture is poised to shape the future of virtual pet entertainment and enhance the way people interact with their digital companions.