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For those who thinks the Metaverse is dead, South Korea has an answer
In the world of cryptocurrencies and blockchain, South Korea has announced a major initiative to boost its domestic metaverse industry.
The South Korean government has launched a Metaverse Fund worth around $53 million to support and expedite domestic initiatives related to the metaverse. The fund will be used to support various projects related to metaverse content creation, development, and marketing.
For those unfamiliar with the term, the metaverse refers to a virtual world where users can interact with each other and digital objects in a three-dimensional environment. The concept has gained traction in recent years, with companies such as Facebook, Microsoft, and Roblox investing heavily in the space.
South Korea's move is seen as a way to catch up with other countries in the race to develop metaverse technology. The government hopes to use the fund to encourage domestic companies to create their own metaverse platforms, as well as to attract foreign investment.
With this initiative, South Korea is looking to position itself as a leader in the metaverse space, and it will be interesting to see how this fund helps to drive innovation and growth in the industry.
To learn more about Metaverse, make sure to follow.
My Blog - Metaverse, Web3, Marketing, Content repurposing
My LinkedIn — Get to know how to start in the Metaverse.
My Instagram — Metaverse News, Metaverse Opinions.
My Podcast — Interview with Metaverse and Web3 Leaders
Hosted on Acast. See acast.com/privacy for more information.
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By Jeffrey Boopathy JIn the world of cryptocurrencies and blockchain, South Korea has announced a major initiative to boost its domestic metaverse industry.
The South Korean government has launched a Metaverse Fund worth around $53 million to support and expedite domestic initiatives related to the metaverse. The fund will be used to support various projects related to metaverse content creation, development, and marketing.
For those unfamiliar with the term, the metaverse refers to a virtual world where users can interact with each other and digital objects in a three-dimensional environment. The concept has gained traction in recent years, with companies such as Facebook, Microsoft, and Roblox investing heavily in the space.
South Korea's move is seen as a way to catch up with other countries in the race to develop metaverse technology. The government hopes to use the fund to encourage domestic companies to create their own metaverse platforms, as well as to attract foreign investment.
With this initiative, South Korea is looking to position itself as a leader in the metaverse space, and it will be interesting to see how this fund helps to drive innovation and growth in the industry.
To learn more about Metaverse, make sure to follow.
My Blog - Metaverse, Web3, Marketing, Content repurposing
My LinkedIn — Get to know how to start in the Metaverse.
My Instagram — Metaverse News, Metaverse Opinions.
My Podcast — Interview with Metaverse and Web3 Leaders
Hosted on Acast. See acast.com/privacy for more information.