South Korea to invest more than US$180 million in national metaverse project

English Mar 9, 2022

During the COVID-19 pandemic, the Metaverse has received quite a bit of attention. Being mainly driven by the restrictions of meetings and physical encounters. However, even with the loosening of restrictions, the Metaverse's popularity continues to grow, this time due to the great opportunities for virtual interactions.

The Metaverse is a virtual space that allows people to transcend their real-world experience into a digital world. It allows individuals and even companies to shop, work, buy property, trade and even engage in art in the virtual world.

Recently, South Korea decided to make a massive investment in the Metaverse. The country's Ministry of ICT, Science and Future Planning has allocated around US$ 186.7 million to develop its national Metaverse. The virtual ecosystem will facilitate your planned digital content and business advancement.

An official statement from the Ministry mentioned the use of funds to complete four main project objectives marked 'Expanded Virtual World'. Furthermore, according to the Ministry's plan, Meta will serve as a website to expand the digital growth of education, media and cities.

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Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.