South Korean Government Backs Metaverse by Investing Over $177 Million in It

Jun 6, 2022

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South Korean Government Backs Metaverse by Investing Over $177 Million in It

Originally posted here.
By: Adewumi Victor

Overview

Even though the Metaverse is still a developing ecosystem and its scope is sketchy, the South Korean government has backed the movement by being an early investor. This gesture from the South Korean government can trigger other countries to invest in this technology, which has the potential to be the next revolution. The South Korean government said the investment will be labeled under the newly launched program, “Digital New Deal,” responsible for investing in technologies linked with the country’s economy.

With the ministry of Communication, Technology, Science and Information having announced plans to invest in the …

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