South Korean government becomes an early investor in the Metaverse

2022.06.03 13:21

South Korean government becomes an early investor in the Metaverse

South Korea, a nation known for its strict crypto regulatory stance, is betting big on the Metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various Metaverse projects.

The decision to invest in nascent Metaverse tech makes South Korea one of the first national governments to do so. The investment came under the “Digital New Deal” program set up to invest in emerging technologies.

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