South Korea launches ‘Metaverse Fund’ to expedite home initiatives

Whereas some world economies acquired distracted by the commotion round worth instability and ecosystem collapses in crypto, South Korea doubled down on the metaverse’s potential as a brand new financial development engine.

South Korea’s Ministry of Science and ICT introduced investments in a fund devoted to driving metaverse initiatives within the nation. In accordance to the official announcement, the South Korean authorities invested 24 billion Korean received ($18.1 million) to create a fund of greater than 40 billion Korean received ($30.2 million) towards metaverse growth.

Proceed Studying on Coin Telegraph