The Metaverse sector, which had a big break in 2021, lost some of its popularity throughout 2022 after attracting the attention of the whole world. With the new year, the term Metaverse started to come up again.
Research on the Metaverse in recent years has suggested that this virtual world could become a $1 trillion market by 2030. Metaverse, which is directly related to the crypto money sector in commercial activities, is expected to have a growth in parallel with the development of the crypto industry.
In the light of these developments, important news about the Metaverse sector came from South Korea , the technology-dominated country of Asia . The “Metaverse Seoul” project developed for citizens was introduced in Seoul, the capital of South Korea.
With this project, the authorities aim to reveal the version of Seoul in the virtual universe and interact with citizens on various activities. Metaverse Seoul, which is expected to be operational this year, will initially feature sections such as a corporate support center, a virtual version of the capital’s top 10 tourist attractions, and a fintech lab. In the following stages, activities for the young population, consultancy services related to public services and the virtualization of tax services are planned.
Seoul Metaverse project will continue to expand
Seoul Mayor Oh Se-hoon said that with the Metaverse project, they aim to provide a comprehensive service that everyone can benefit from without the barrier of time and place.
With this project, Seoul will have taken an important step by developing the world’s first city-supported Metaverse project. The project is expected to cost approximately $1.6 million. In the future, Metaverse investment is planned to grow with real estate consultancy and plans to create a center for foreign investors who want to invest in local businesses.
South Korea thus continues its mission of being one of the leading countries in the Metaverse and Blockchain industry.