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Inside South Korea’s wild plan to dominate the metaverse – Cointelegraph Magazine

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Inside South Korea’s Wild Plan To Dominate The Metaverse – Cointelegraph Magazine

“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode

South Korea: The land of the metaverse

In case you needed to decide the one nation that’s most primed to reap the benefits of the alternatives provided by the metaverse, South Korea could be excessive on the record. 

It’s a technology-obsessed nation that eagerly adopts new merchandise, the place 98% of individuals personal a sensible system and greater than 10% of the inhabitants personal no less than some cryptocurrency. Regardless of being the Thirteenth-largest financial system on the earth by GDP — and the twenty seventh by inhabitants — it’s the fourth-largest gaming market on the earth, with its 33 million avid gamers generating $8.3 billion in income for the sector in 2021.

Gaming is already a metaverse-style social exercise. The most well-liked video games are both cooperative or aggressive, and the nation dominates esports, with 1000’s packing stadiums to observe skilled gamers battle it out. 

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