The new face of the digital universe metaverse continues to attract the attention of countries. Finally South Korea announced that it has invested $187 million in the national metaverse project.
south korea national #metaverse will invest 187 million dollars in the project.
— Bitcoin System (@bitcoinsystem) February 28, 2022
South Korea’s Ministry of Science and Future Planning stated that they are taking action to take the country’s leading position in the new virtual world.
Mark Zuckerberg’announcing that fame will focus on the metaverse, and Facebookthe name of Meta The digital universe in question, which has become the subject of debate since the change of
However, this latest investment by South Korea has added a new dimension to the question of which country will dominate the metaverse.
South Korea’s Ministry of Science and Future Planning has committed to pay KRW 223.7 billion ($186.7 million) to a metaverse ecosystem that will focus on corporate growth, digital content and more. Yesterday, it was announced that $186.7 million in funding will be channeled into the “Extended Virtual World,” an all-encompassing metaverse that will foster the virtual expansion of cities, media startups, educational institutions and more.
According to the statement made by the Ministry, it was stated that in addition to the financing in question, it will host various events and competitions in order to attract the best talents to the ecosystem. According to Park Yungyu, the ministry’s head of communications and policy development, this initiative is the country’s “Digital New Dealpart of the movement.
On the other hand, broadcasting NFT games and issuing tokens is prohibited in Korea. This requires the government to pay attention to the regulatory elements related to the crypto universe and to dominate this area.
Experts Concerned
Security concerns continue to rise as the metaverse space continues to grow aggressively. Metaverse’s threat to women and children stems from the lack of clear regulations in this area. The biggest risk group is children!
Sarah Gardner, vice president of external affairs at Thorn, a nonprofit focused on protecting children from online abuse, points out that abusers are always first on new technology platforms.