South Korea, a nation recognized for its strict crypto regulatory stance, is betting huge on the metaverse. The federal government will make investments over 223.7 billion gained ($177.1 million) immediately in varied metaverse initiatives.

The choice to spend money on the nascent metaverse tech makes South Korea one of many first nationwide governments to take action. The funding got here below the ‘Digital New Deal’ program set as much as spend money on rising applied sciences.