2023-03-11 18:40:03
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The country announced a pair of initiatives directed to support metaverse projects and companies to build products on top of virtual worlds.
The first of these projects, announced on March 8, constitutes a metaverse growth fund that will allow companies that want to develop virtual projects to get funding directly from the Ministry of Science and ICT of South Korea. For this, the institution has allocated $30 million.
The second project, announced one day later, has to do with the development of 13 specific initiatives which include the metaverse in different convergence areas, including technology, regional projects, the public sector, and industry. This second project has allocated $21 million for its completion.
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10 viewsJanyz, 15:40