South Korea is at the forefront of Metaverse adoption as it has pledged its support of a new platform that will combine the efforts of digital content creators, coders, and commerce.
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.on Feb. 27 that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing Metaverse ecosystem titled theThe government agency intends on using its Metaverse as a platform for expanding the virtual industrial growth of cities, education, and media.
CEO of Hashed Simon Kim pointed out that the new Metaverse platform has a particular focus on boosting commercial expansion by providing financial support for participants. He told Cointelegraph today that he doesn’t think there is a problem with the government providing funding because “the private sector is actively investing in the metaverse market.” He continued:
Hashed is a South Korean crypto ecosystem venture capital and incubator. It has invested in Metaverse projects such as Decentraland and The Sandbox.
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