Thoughts and feelings about the Metaverse vary. While some people fear and question the potential threat of the Metaverse, how hard it is for the police, some believe that the future of humanity lies in this digital environment. In recent years, countless industry reports have explored the potential benefits and risks of metaverse environments.
On the one hand, Metaverse solutions may pave the way for new digital threats, harassment issues, and ethical issues. On the other hand, the metaverse has the potential to create better relationships and more engaged communities.around it 80% of people has stated that they feel more “included” in the Metaverse than in their everyday lives.
Today, a person’s attitude towards the Metaverse can easily be influenced by its location. Some countries are actively investing in the metaverse opportunity and promoting the ecosystem with positive messages, while others are staying clear.
Here are some of the major countries defending the metaverse today.
Korea
It may come as no surprise that South Korea is investing heavily in the Metaverse. After all, many South Korean citizens adore technology.around it 98% of people The country has smart devices and more than 10% have some form of cryptocurrency. The country is also her fourth largest gaming market in the world, according to Coin Telegraph.
In January 2023, South Korea took its Metaverse strategy to the next level, introducing a new platform built for public service relationships. The Mayor of Seoul unveiled a new virtual version of Seoul in the Metaverse that allows users to access various resources and public services in a virtual reality environment. Users can access various attractions, read documents, talk to experts, file complaints, and interact with other community her members.
In addition to this, Seoul’s Science and ICT Minister said his team will help more local businesses in the next few years by independently developing the Metaverse platform. The government even plans to update its regulatory IT systems to reflect the Metaverse requirements.
barbados
Barbados may not be the first country most people think of when listing the top metaverse locations, but it is rapidly proving its commitment to staying on the cutting edge. has decided to open a diplomatic embassy within the Metaverse, which is based in
The digital environment is home to a range of shopping experiences, real-world concerts, and communication tools designed to bring communities together in an age of decentralization. A deal has already been signed between the government of Barbados and his Decentraland, but he also plans to open virtual embassies in other settings.
As the world’s first embassy within the Metaverse, the Barbados Embassy has the potential to inspire other government groups around the world to follow in its footsteps. can unlock new ways to communicate and serve your community.
Spain
The Spanish government is one of the few governments actively subsidizing technology start-ups and innovators with a focus on creating a metaverse. In December 2022, the Spanish Ministry of Culture will $8.5 million Funding companies creating web 3.0-connected metaverse experiences and video games.
The grant is available to anyone involved in research and development of metaverse technologies, both in Spain and in the annexed EU countries. The grant is specifically targeted to organizations creating new audiovisual and digital content for the Metaverse and to organizations using Metaverse technologies to drive social change.
The Spanish government is also funding companies building new metaverse workspaces for collaboration and exploring the benefits of the metaverse for culture, health and education. The project will be sponsored until the end of December 2023.
China
As one of the most innovative countries in the world, China is also taking steps to strengthen the development of Metaverse experiences. In 2022, the Shanghai Municipal Government proposed a new initiative to build $.52 billion metaverse economyAs part of the plan, the city aims to house approximately 10 of the top companies in the metaverse industry and support 100 companies in metaverse-related innovation.
The proposal does not specify how much the city plans to invest to reach its goals. However, the government has said it will need to provide various special funds to support the Metaverse companies. This could mean that Shanghai will soon become the location for metaverse space startups.
The document also says that various other technologies, such as 5G and artificial intelligence, will also require additional investments to ensure the goals of the Metaverse are met. Thanks to this initiative, Shanghai is rapidly emerging as one of the top municipalities focused on metaverse solutions as part of its long-term strategy for economic growth.
united states of america
Perhaps unsurprisingly, the United States has recently begun to focus on the Metaverse as well. In 2022, Congress passed her CHIPS and Science Act, paving the way for billions of dollars in new funding dedicated to the XR and Metaverse ecosystems.America is also based Companies like Metaintroduced a new “Creator Fund” last year to help developers take their first steps into the Metaverse space.
Some parts of the US are moving faster than others in terms of metaverse adoption. For example, in December 2021, Downtown Santa Monica became one of the first major US cities to adopt the Metaverse through its partnership with FlickPlay. City Hall creates a play-to-earn Metaverse social app with built-in gamification elements.
Cities such as Austin and Miami have also started investing in using blockchain, one of the fundamental tools used to create the metaverse, to support public services. In addition, New York has its own urban transit digital twin project underway.
