ARTSKY LABS – South Korea Launches ‘Metaverse Fund’ to Expedite Domestic Initiatives

South Korea has launched a new ‘Metaverse Fund’ to expedite domestic initiatives in the fields of blockchain, artificial intelligence, and other emerging technologies.

The fund, which was announced by the Ministry of Science and ICT (MSIT) on Tuesday, is aimed at helping the country to become a global leader in the development and adoption of new technologies.

The fund will provide financial support to innovative projects and startups in the fields of blockchain, artificial intelligence, big data, and the Internet of Things (IoT). It will also help to promote the development of new technologies for the benefit of the South Korean economy.

In addition, the fund will focus on the development of new applications and services that can be used to improve the quality of life for South Koreans.

The fund will be managed by the Korea Blockchain Association (KBA) and will be supported by the Ministry of Science and ICT.

The government has allocated a total of 4 billion won (approximately $3.4 million) to the fund, which will be used to support projects in the fields of blockchain, artificial intelligence, and other emerging technologies.

This move is part of the South Korean government’s efforts to become a global leader in the development and adoption of new technologies.

The government has already made significant investments in the development of blockchain and artificial intelligence technologies, and the launch of the Metaverse Fund is expected to further accelerate the country’s progress in this area.

The government is also planning to launch a national blockchain platform in the near future, which will help to promote the development of blockchain-based applications and services.

This move is expected to help South Korea to become a major player in the global blockchain industry, and to become a leader in the development and adoption of new technologies.