fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, March 28, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

South Korea To Pour $177 Million Into Metaverse Projects

June 1, 2022
in Bitcoin
Reading Time: 3 mins read
A A
South Korea To Pour $177 Million Into Metaverse Projects
ShareShareShareShareShare

Related articles

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News

March 28, 2023
Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

March 27, 2023

South Korea will allocate roughly $177 million into the metaverse to fund companies and jobs in this space.

The metaverse, or living in a virtual world, isn’t a new concept, but it’s only now that the hype around it is gaining rapid attention from many industries.

With AI and AR at work, investing in the metaverse seems lucrative for many companies. Even the South Korean government agrees on the future of metaverse.  

Suggested Reading | Crypto Selloff Viewed By Investors ‘Opportunistically’ As BTC Seen Hitting $65K By 2023

 

The New Digital Deal

South Korea has recently announced its intent to invest its money in metaverse-based companies and projects directly.

Lim Hyesook, Minister of Science and Information and Communication Technologies, has announced the investment plan and pointed out that the metaverse coupled with advanced technology has enormous potential.

The South Korean government believes in the potential of the metaverse (JournalTime).  

This investment is a massive part of the Asian country’s Digital New Deal, guidelines established by the government aiming for a smooth transition to complete digitization.

Seoul is jumping head-on to the metaverse that could go mainstream in the next few years. This move also provides other countries with a blueprint to follow through.

Suggested Reading | Shiba Inu Founder Disappears From Social Media – Gone ‘Without Notice’

Governments aren’t dipping into the metaverse right now. But the SoKor government decided to ride the wave into the so-called “Big Tech” right here and now.

Shanghai has also started with public services now designed according to the metaverse. Both Alibaba and Tencent are currently developing metaverse-based products. Alibaba has recently invested in a startup with AR glasses as its main product.

Crypto total market cap at $1.26 trillion on the daily chart | Source: TradingView.com

South Korea Metaverse – Connecting Communities

Are governments starting to look at the metaverse as the future of how communities convene or connect?

Investing in the metaverse is risky because you are pouring money into something unsustainable or at which value is based on demand and hype.

However, Seoul wanted to be part of the buildup phase. And many big names in SoKor, such as BTS and LG Electronics, have hopped in to join the bandwagon with new crypto and NFT initiatives.

Dipping into the metaverse is risky because of its volatile nature. Any uncharted and disruptive technology is met with resistance. People will somehow look at the risks more than the opportunities, especially with the increase in scams related to crypto and NFTs in the past few weeks.

Legalities, security, and privacy issues are the common challenges with metaverse investments. However, as South Korea boldly dives into metaverse, more countries will likely follow.

Featured image from Smart Cities World, chart from TradingView.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

All top countries where crypto is legal, illegal or restricted

Next Post

Terra Validator Leaks Secret Luna ‘War Room’ Chat Logs

Related Posts

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News

March 28, 2023

The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin. “We are at the...

Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

March 27, 2023

Do Kwon, the co-founder of Terraform Labs, has been detained in Montenegro while attempting to fly to Dubai allegedly using...

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

March 27, 2023

Data shows the Bitcoin mining hashrate has recently registered its third-largest 3-month upwards increase in the past five years. Bitcoin...

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

March 27, 2023

The CFTC lawsuit details how the firm allegedly offered unregistered commodity derivatives to American customers.The Commodity Futures Trading Commision has...

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules – Bitcoin News

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules – Bitcoin News

March 27, 2023

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading...

Load More
Next Post
Terra Validator Leaks Secret Luna ‘War Room’ Chat Logs

Terra Validator Leaks Secret Luna 'War Room' Chat Logs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Italy led crypto trading in Q4’22 – $112K per user

Italy led crypto trading in Q4’22 – $112K per user

March 27, 2023
VET Price Prediction for April 2023

VET Price Prediction for April 2023

March 27, 2023
Seeking Freedom, Bitcoiners Should Consider Second Passports

Seeking Freedom, Bitcoiners Should Consider Second Passports

March 21, 2023
G7 nations reportedly want tighter rules for cryptocurrencies – AMBCrypto News

G7 nations reportedly want tighter rules for cryptocurrencies – AMBCrypto News

March 27, 2023
eNaira Adoption Grows Amid Nigeria’s Cash Shortages

eNaira Adoption Grows Amid Nigeria’s Cash Shortages

March 23, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Titanium Blockchain CEO Sentenced to Four Years in Prison
  • Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon – Markets and Prices Bitcoin News
  • Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive
  • SD lawmakers fail to override Gov. Noem's cryptocurrency regulation veto – Fox News
  • Coinbase Identifies Four Key Innovations for its Layer-2 Network
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,847.00-0.34%
  • ethereumEthereum(ETH)$1,764.22-0.74%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.11%
  • binancecoinBNB(BNB)$328.680.48%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • rippleXRP(XRP)$0.4876436.23%
  • cardanoCardano(ADA)$0.356168-1.16%
  • dogecoinDogecoin(DOGE)$0.0754450.37%
  • staked-etherLido Staked Ether(STETH)$1,760.54-0.76%
  • matic-networkPolygon(MATIC)$1.08-2.09%
  • binance-usdBinance USD(BUSD)$1.00-0.33%
  • solanaSolana(SOL)$20.65-1.09%
  • polkadotPolkadot(DOT)$6.060.22%
  • litecoinLitecoin(LTC)$92.33-1.53%
  • shiba-inuShiba Inu(SHIB)$0.0000110.92%
  • tronTRON(TRX)$0.064286-0.08%
  • avalanche-2Avalanche(AVAX)$16.92-1.74%
  • daiDai(DAI)$1.00-0.12%
  • uniswapUniswap(UNI)$5.80-0.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,900.00-0.23%
  • chainlinkChainlink(LINK)$7.18-0.76%
  • cosmosCosmos Hub(ATOM)$11.15-1.58%
  • ToncoinToncoin(TON)$2.163.72%
  • leo-tokenLEO Token(LEO)$3.39-1.80%
  • moneroMonero(XMR)$163.960.62%
  • ethereum-classicEthereum Classic(ETC)$20.12-0.78%
  • okbOKB(OKB)$43.223.02%
  • stellarStellar(XLM)$0.0949002.60%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$123.66-1.69%
  • filecoinFilecoin(FIL)$5.56-0.14%
  • AptosAptos(APT)$11.66-2.02%
  • true-usdTrueUSD(TUSD)$1.00-0.09%
  • lido-daoLido DAO(LDO)$2.20-1.14%
  • hedera-hashgraphHedera(HBAR)$0.060751-1.88%
  • quant-networkQuant(QNT)$123.670.53%
  • crypto-com-chainCronos(CRO)$0.068078-2.21%
  • nearNEAR Protocol(NEAR)$1.93-1.63%
  • vechainVeChain(VET)$0.022637-1.96%
  • ArbitrumArbitrum(ARB)$1.25-3.18%
  • apecoinApeCoin(APE)$4.01-3.08%
  • algorandAlgorand(ALGO)$0.206856-1.89%
  • internet-computerInternet Computer(ICP)$4.90-1.65%
  • blockstackStacks(STX)$0.94-3.66%
  • eosEOS(EOS)$1.140.44%
  • the-graphThe Graph(GRT)$0.139626-1.49%
  • fantomFantom(FTM)$0.439912-1.74%
  • the-sandboxThe Sandbox(SAND)$0.62-3.27%
  • elrond-erd-2MultiversX(EGLD)$42.35-0.76%