South Korea’s Ministry of Science and Future Planning will invest 223.7 billion won (approximately $187 million) for the growth and development of the metaverse within the country.
Ministry of Science and Future Planning. made on February 27 In the official statement, with the aim of enabling the growth of national metaverse projects and encouraging the ecosystem 187 million dollars investment said they would do.
The ministry, which stated that it will host a hackathlon by organizing a Metaverse developer competition; cities, education and media plans to use the metaverse to grow virtually.
Decetraland and The Sandbox Simon Kim, CEO of Blockchain firm Hashed, which invests in metaverse projects such as to provide financial support He said he liked it very much.
Also, the government’s previous play to earn ban your games Kim said that Korea should be very careful about this issue.
In a statement, Director of Communications and Policy Park Yungyu stated that these investments in creating the Metaverse platform are part of the “Digital New Deal” initiative launched by the South Korean government in July 2020. Digital New Deal, Supporting digital technologies It is an initiative for the purpose.