South Korea's Metaverse Initiatives Face Challenges Without Blockchain Technology and Public Endorsement

06/12 23:25

In February 2022, the South Korean government announced a Digital New Deal to invest in a digital-based economy and create 1 million new jobs, with a small portion of the investment earmarked for metaverse development. Despite support from major technology companies and K-pop stars, locally developed metaverse platforms have failed to gain public adoption due to the lack of decentralized blockchain technologies.
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