A City within the Metaverse? South Korea’s Seongnam Plans NFT Citizenship

Officers in Seongnam, South Korea, have introduced plans to digitally recreate their city within the metaverse, offering residents with entry to municipal info and providers utilizing non-fungible token (NFT) identification.

The scheme marks a rising variety of tasks in South Korea geared toward making the nation a global hub for Web3 and the metaverse. Earlier this month the South Korean authorities introduced that as a part of the plan they might introduce a “Metaverse Industry Promotion Law” to assist promote the business.

Seongnam fashion

On Wednesday, officers within the metropolis of Seongnam, Gyeonggi Province, introduced ahead plans to recreate town inside the metaverse. The venture is known as “Metaverse Special City Seongnam,” and is scheduled to finish within the first half of 2023.

Work will start shortly on the metaverse municipality, with building set to begin as early as subsequent month.

A key element of the proposal is that denizens will be capable to entry key providers and data by way of NFT citizenship. Full element on this facet of the proposal has but to be revealed, however additional perception is predicted earlier than pixelated spades break digital soil.

Seongnam is a metropolis of 1 million individuals; a satellite tv for pc of South Korea’s capital Seoul. The capital additionally has plans to construct its personal metaverse counterpart and Seongnam has no intention of being left behind.

It has been just some weeks since Seoul confirmed the launch of the primary stage of its personal metaverse metropolis. Whereas the plan is large in scope, it can start extra modestly with digital reconstructions of Seoul City Corridor and the Seoul Plaza. It’s hoped that the venture will go dwell as early as Nov.

Whereas the proliferation of digital environments in South Korea gives nice enterprise alternatives, it’s not a plan without risk. New frontiers at all times open the door to new crimes and the potential for criminality.

Simply days in the past Be[In]Crypto reported on the disturbing case of a South Korean man utilizing digital environments to contact and groom kids.

The person, who was not named, was sentenced to four years in prison.

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