South Korea launches metaverse replica of Seoul - Forkast News

South Korea’s superior metropolis opened the archetypal signifier of what it calls ‘Metaverse Seoul’ connected Monday, which it claims is the archetypal city-backed nationalist metaverse level successful the world. The archetypal measurement seems to absorption connected improving nationalist services done the virtual platform.

See related article: South Korea keeps betting connected the metaverse, ignoring the existent clunky technology

Fast facts

• Metaverse Seoul, which is simply a three-part task expected to beryllium implicit by 2026, volition archetypal purpose to amended ratio successful nationalist medication services. Citizens tin research and usage the virtual level with avatars, the metropolis said successful its press release. 
• The Metaverse Seoul app volition initially connection services specified arsenic issuing impervious of citizenship, taxation counseling, younker mentoring, and a enactment halfway for struggling businesses.
• The 2nd stage, expected successful 2024, volition grow the services to existent property counseling and connecting overseas investors with section industries. Seoul officials purpose to implicit the nationalist metaverse by 2026, saying the 3rd signifier volition connection an integration of virtual and augmented world exertion successful managing the city’s infrastructure. 
• South Korea’s authorities person shown a peculiar involvement successful tapping the imaginable of the metaverse, oregon virtual world environments seen arsenic portion of the Web3 improvement distant from a centralized net to decentralized platforms built astir blockchains, the underlying exertion of cryptocurrencies.
• In February 2022, South Korea’s Ministry of Science and Information & Communications Technology announced plans to acceptable up a 223.7 cardinal Korean won (US$180 million) money to put successful the country’s metaverse industries. 
• Major South Korean companies specified arsenic Samsung Electronics, SK Telecom and Naver Corp. person expanded their businesses onto the metaverse, portion the country’s president Yoon Suk-yeol has said processing the exertion is simply a nationalist priority.
• South Korea’s subject ministry defines the metaverse arsenic a convergence of virtual and carnal world wherever radical tin interact and make economic, societal and taste value. 
• The official enactment does person its critics, who reason that it’s the usage of nationalist funds for processing thing much than different signifier of a video game.

See related article: South Korea places $185M stake connected the metaverse

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