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South Korea has a new $187M metaverse project

The national Metaverse will be used by the Ministry as a platform to expand the virtual industrial growth of cities, media, and education.

Gangnam, Seoul, South Korea / Image by: Domenico Convertini / Flickr

Mon, 28 Feb 2022, 10:03 am UTC

Facebook made headlines last year when it rebranded to highlight its metaverse-focused future plans. However, it now appears that the metaverse won’t be a playground for big tech firms as some governments have already made plans of setting up their own ecosystem to bolster the future growth of their economies.

For instance, South Korea’s Ministry of ICT, Science, and Future Planning has allocated 223.7 billion KRW ($186.7 million) for the creation of a broad Metaverse ecosystem, according to Cointelegraph. The project is aimed at supporting the growth of digital content and corporate growth within South Korea.

The Ministry said in a February 27 statement that the funding will be used to complete the four main objectives of the Metaverse ecosystem. Dubbed the Expanded Virtual World, it will be used by the Ministry as a platform to expand the virtual industrial growth of cities, media, and education.

The Ministry promised that content creators will enjoy support to help them attract the necessary talent to help them build on the platform. The government agency will also host a hackathon, a Metaverse developer contest, and community-oriented creative activities.

More importantly, the Metaverse platform will provide financial support for participants to accelerate the commercial expansion of their projects, according to Hashed CEO Simon Kim said. Hashed is a crypto ecosystem venture capital and incubator based in South Korea that has investments in various Metaverse projects such as The Sandbox and Decentraland.

Kim said that there is no problem with funding because the private sector has already been actively investing in the metaverse. “It is the regulatory issue that the government should pay more attention to,” he said. “In Korea, publishing of NFT games is prohibited, and token issuance is also prohibited.”

Park Yungyu, Head of Communication and Policy Department at the Ministry, said that the Metaverse platform is part of the government’s “Digital New Deal,” which is a set of policies aimed at fostering the growth of digital technologies. “It is important to create a world-class Metaverse ecosystem as the starting point to intensively foster a new hyper-connected industry,” he added.

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Focusing on Binary Options, Crypto Currencies, CFD’S, and Forex scams, we have collected the biggest database by far on all of those scam brokers. The magnitude of this type of financial fraud is bigger than most people know, From fixing trades, denying. Recommended Solution to Recover Lost Money on Binary Options. You can mail them if you need to recover your money back SPY TECH TEAM 49 AT G MAIL COM knows exactly how to get your money back in the shortest time frame. If you are offered binary options, it is probably a scam. Any promotion that hides, or downplays, the high-risk nature of binary trading is not being honest. If you have been scammed he can restore your hope of getting your money back, they knows how to recover funds from binary options scams contact them via there email: spytechteam49 @ gmailcom . Binary options scams have been plaguing the world for the past two decades. Spy Tech Team is a consulting firm that specializes in the recovery of assets from financial fraud. Are you a victim of binary options scams, cryptocurrency scams? Based on scam experiences, it is highly recommended for individuals who have been the victims of the binary options scams to choose this funds recovery company. contact them now to have a chance to recover your funds.
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  • Alexxi
  • 2022.03.21 11:02:06
Focusing on Binary Options, Crypto Currencies, CFD’S, and Forex scams, we have collected the biggest database by far on all of those scam brokers. The magnitude of this type of financial fraud is bigger than most people know, From fixing trades, denying. Recommended Solution to Recover Lost Money on Binary Options. You can mail them if you need to recover your money back SPY TECH TEAM 49 AT G MAIL COM knows exactly how to get your money back in the shortest time frame. If you are offered binary options, it is probably a scam. Any promotion that hides, or downplays, the high-risk nature of binary trading is not being honest. If you have been scammed he can restore your hope of getting your money back, they knows how to recover funds from binary options scams contact them via there email: spytechteam49 @ gmailcom . Binary options scams have been plaguing the world for the past two decades. Spy Tech Team is a consulting firm that specializes in the recovery of assets from financial fraud. Are you a victim of binary options scams, cryptocurrency scams? Based on scam experiences, it is highly recommended for individuals who have been the victims of the binary options scams to choose this funds recovery company. contact them now to have a chance to recover your funds.
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  • Alexxi
  • 2022.03.21 11:02:02
Focusing on Binary Options, Crypto Currencies, CFD’S, and Forex scams, we have collected the biggest database by far on all of those scam brokers. The magnitude of this type of financial fraud is bigger than most people know, From fixing trades, denying. Recommended Solution to Recover Lost Money on Binary Options. You can mail them if you need to recover your money back SPY TECH TEAM 49 AT G MAIL COM knows exactly how to get your money back in the shortest time frame. If you are offered binary options, it is probably a scam. Any promotion that hides, or downplays, the high-risk nature of binary trading is not being honest. If you have been scammed he can restore your hope of getting your money back, they knows how to recover funds from binary options scams contact them via there email: spytechteam49 @ gmailcom . Binary options scams have been plaguing the world for the past two decades. Spy Tech Team is a consulting firm that specializes in the recovery of assets from financial fraud. Are you a victim of binary options scams, cryptocurrency scams? Based on scam experiences, it is highly recommended for individuals who have been the victims of the binary options scams to choose this funds recovery company. contact them now to have a chance to recover your funds.
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  • Heatherwalter
  • 2022.03.17 00:39:06
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

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  • Heatherwalter
  • 2022.03.17 00:39:05
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

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Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Heatherwalter
  • 2022.03.17 00:39:04
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

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Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Heatherwalter
  • 2022.03.17 00:39:03
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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  • Heatherwalter
  • 2022.03.17 00:39:01
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
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More
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Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
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BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
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Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
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BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
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Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
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Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
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BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
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BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
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BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
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