Seoul government opens city’s metaverse project to public

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The Seoul Metropolitan Authorities has launched its Metaverse Seoul mission, permitting residents of the South Korean capital metropolis to entry metropolis companies in a digital setting.

In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the primary section of Metaverse Seoul following beta testing of the mission. In line with the mayor, the net setting can be a “place of communication for residents” of the capital metropolis, permitting them to nearly go to lots of Seoul’s sights, entry official paperwork, file sure complaints, and obtain solutions to questions on submitting municipal taxes.

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The town’s authorities reportedly spent roughly 2 billion gained — $1.6 million — for the primary section of the metaverse mission. In line with Oh, the second section will contain making Metaverse Seoul extra accessible to senior residents who might have hassle commuting to metropolis places of work in particular person. Greater than 17% of South Korea’s inhabitants was greater than 65 years outdated as of 2022, in accordance with data from Statistica.

South Korea, with one of many quickest web connectivity speeds on this planet for its 52 million residents, has led a few of the initiatives across the metaverse and blockchain adoption because the house grows. Previous to FTX’s collapse in November, town of Busan introduced plans to construct a crypto trade in collaboration with FTX — the native authorities subsequently dropped lots of its world centralized trade companions.

Associated: Inside South Korea’s wild plan to dominate the metaverse

Globally, curiosity within the metaverse reportedly surged following Fb rebranding to Meta in October 2021, with many corporations saying plans to open digital places of work. Nevertheless, the crypto market crash and the autumn of main platforms together with FTX, Voyager Digital, and Celsius Community might have slowed adoption in 2022.

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