The Government of South Korea laid the budget for the development of metavselnaya – Bits Media

The authorities of South Korea are going to spend $117.1 Milln on investment in metavselnaya. This is the first case, when the state officially allocates money for the development of virtual reality.

Head of the Ministry of Science and Information and Communication Technologies of the South Korea Lim Hesuk (Lim Hyesook) stated, that the agency plans to launch an industrial industry by creating jobs and supporting companies.

"Metavselnaya is an unknown digital continent with uncertain potential", - said Lim.

The official added, that the focus on the metavselnaya is made as part of the new digital development program of South Korea. Lim said, that, together with the virtual reality platform, South Korea plans to create the “Academy of K-Metavselnaya” for interaction with global startups.

The Academy is going to support startups in metavseli from around the world and help scale projects. The Academy will become a joint project of the Korea Government and 220 companies, creating products for the metavselnaya market. As the next step to 2026 the Academy will also prepare 40 000 professionals in this field.

“One metavselny can create 1.5 million jobs in a virtual ecosystem ", - said the Minister of Science and ICT.

Venturery project of the metavselnaya includes plans to create an institution of the Korean language for mediation in global interaction with users. With the help of a language institute, foreigners will be able to participate in virtual projects, dedicated to medicine, K-ROP, Tourism and art.

A significant part of the plans is to develop the regulation of the virtual reality industry. Korea intends to introduce a strict user policy to prevent illegal actions, oppression and all types of operation. According to the partner of the research company Everest Group Yugal Joshi (Yugal joshi), None of the countries invested so much in the metavsa, Like South Korea.

“In Asia, the metavselnaya is mainly the initiative of the private sector and large technologies. The governments outside South Korea did little to support it ", - said Joshi.

When introducing meta -combined Korea, comprehensive rules will have to be excluded, concerning NFT. Currently, NFT are a gray zone from a legal point of view and do not obey the same rules, that cryptocurrencies in South Korea.