South Korea on Wednesday launched plans to adopt non-fungible tokens (NFTs) and the Metaverse by developing a digital twin for its city along with digital citizenship for residents, tech media BeInCrypto reported. mentioned Friday.
Gyeonggi Province government officials have stated that they will allow NFT citizenship to those who join the city’s “Seongnam Special Metaverse City” to provide services and information, the report said.
According to the program, Seongnam will benefit from digital transformation and blockchain technologies as the nation strives to become a major global hub for Metaverse and Web3 by 2025.
The South Korean government added that it will also open a “Metaverse Industry Promotion Act” to boost digital businesses nationwide.
Global efforts to build national meters
The news comes after Seoul pledged $33.1 million to Develop and publish Reports in November of last year found that the metaverse systems of its “Metaverse Seoul” project, scheduled for launch in 2026.
According to the five-year plan, Seoul will create a virtual platform for public services, where attendees use 3D avatars to interact in a 3D virtual environment.
The capital has also built an Augmented and Virtual Reality (AR/VR) digital recreation of the Jeoson Dynasty dynasty on a major project with the Cultural Heritage Department, Cheil Worldwide Inc, and Woomi Construction Corp., revealed in agreement In July last year.
The developments come on the heels of efforts by the country’s Ministry of Information, Communications, Science and Future Planning, which has committed $186.7 million to a national ecosystem for Metaverse.
the government road map It aims to build a “sustainable” Metaverse of public-private partnerships (PPPs), collaborations, emerging technologies, and innovation for local and global businesses.
The United Arab Emirates, a rising contender in the metaverse space race, has launched the Ministry of Health and Prevention (MOHAP) metaverse To facilitate government interaction with citizens.
Before that, Barbados became the first country in the world to open the Metaverse Embassy To promote tourism and consular services worldwide.