Tuesday , November 5 2024
Home / Crypto news / South Korea Plans a $187 Million National Metaverse Effort

South Korea Plans a $187 Million National Metaverse Effort

Summary:
The metaverse trend appears to be showing no signs of slowing down as South Korea becomes the first country to express desires to build its own project in the field. According to a recent report, the country plans to invest a whopping 7 million in a national metaverse project. The pledge of roughly 7 million comes from South Korea’s Ministry of ICT, Science, and Future Planning, and it’s in a bid to create a Metaverse ecosystem that’s intended to support the expansion of digital content and corporate growth. Per the official statement, the funds are to be spent on completing various objectives with aims of creating a large digital ecosystem carrying the name Expanded Virtual World. The government agency also intends to use its metaverse as a platform to expand

Topics:
George Georgiev considers the following as important:

This could be interesting, too:

Chayanika Deka writes Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report

Wayne Jones writes Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD

Wayne Jones writes Bitcoin Poised for 0K, Trump Win May Be Short-Term Catalyst, Says Analyst

Chayanika Deka writes Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance

The metaverse trend appears to be showing no signs of slowing down as South Korea becomes the first country to express desires to build its own project in the field.

  • According to a recent report, the country plans to invest a whopping $187 million in a national metaverse project.
  • The pledge of roughly $187 million comes from South Korea’s Ministry of ICT, Science, and Future Planning, and it’s in a bid to create a Metaverse ecosystem that’s intended to support the expansion of digital content and corporate growth.
  • Per the official statement, the funds are to be spent on completing various objectives with aims of creating a large digital ecosystem carrying the name Expanded Virtual World.
  • The government agency also intends to use its metaverse as a platform to expand industrial virtual growth of education, media, and cities altogether.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *