The Seoul government has begun its Metaverse expansion by launching ‘Metaverse Seoul’ in 2023. How are other countries driving adoption?
Various studies have projected the metaverse market size to reach $1 trillion by 2030 if mass adoption is achieved. Currently, the market cap of the Metaverse token is around $12.1 billion, according to CoinMarketCap.
Seoul Metropolitan Government has taken One such step towards mass adoption of the virtual world. Seoul Mayor Oh Se-hoon invites citizens to “Metaverse Seoul”, the city’s public metaverse project.
seoul first promised A virtual space in 2021, “allowing citizens to easily meet with avatar officials to deal with citizen complaints and consultations, which are currently handled only by visiting municipal offices”.
The program will be open to the public in 2023 and will include services such as a fintech lab, a corporate support center and Seoul’s top 10 tourist attractions. It will also facilitate a youth mentorship counseling room, civil service counseling and tax services.
Mayor Oh Se-hoon says, “Metaverse will be an important communication tool for citizens in the Seoul New Normal. It is an inclusive administrative service that can be availed by everyone irrespective of time and place.”
South Korea has adapted well to the virtual world. The city of Seongnam in South Korea also announced plans to create a digital copy giving citizens access to municipal information and services using NFT identification.
Tuvalu, Metaverse Island
The Metaverse use cases went beyond imagination when Tuvalu, a small island nation, announced its intention to become the world’s first digital nation. With a population of around 12,000, Tuvalu decided to preserve its history and culture as rising sea levels could eventually submerge the entire island.
“Our land, our ocean, our culture are our people’s most precious assets, and to keep them safe from harm, no matter what happens in the physical world, we will move them to the cloud,” said Tuvalu’s minister of foreign affairs Simone Kofe. .
Challenges with Virtual Worlds
Bad actors have also used these virtual worlds for evil purposes. A 30-year-old South Korean man assumed a false identity in a popular metaverse and sexually assaulted children. Using a childish avatar, he engaged with children, sent gifts and lured them into sending photos and videos without clothes.
In December 2021, a woman also shared her experience of sexual harassment in the metaverse. Due to such unfortunate incidents, some have expressed the need for sector police.
Check out BeInCrypto’s 2023 metaverse predictions here.
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