Seoul, South Korea announces plans to invest $3.31 million to build Metaverse City

Seoul is going to be the first metropolis to enter the metaverse, what is the prospect of the metaverse? Recently, the city of Seoul in South Korea announced that it will invest US$3.31 million from 2022 to build a metaverse city that will provide various public services and cultural activities in the metaverse.

So what is the metaverse? The four-word description is Inception. You can enter any dream with a pair of glasses. You can be any character, any identity, and you can switch between dreams. The money you earn in this dream, you can You can spend it in another dream, or you can wake up and spend it in reality. I don’t know if you have seen the video of Zuckerberg’s meeting. Everyone wears a VR goggles. Although they are all in their own homes, in the virtual world, it is like being in a conference room. This person is on your left. That person is on your right, and the voice is coming from all directions, just like the real world, you can still see the virtual face of each colleague, even the 36 freckles on Zuckerberg's face. With the cooperation of clarity, you seem to be in a brand new virtual world, which is the prototype of the metaverse.

At present, not only the industry in South Korea is vigorously exploring the field of Metaverse, but also the funds are very favored by this sector. As early as last October, the four major asset management companies in South Korea, KB, Samsung, Mirae Asset and NH-Amundi, launched Metaverse-themed ETFs. At present, these four themed funds have attracted nearly US$200 million in funds, according to one analyst. In an interview with foreign media, Shi said that by the end of 2021, the assets of the Korean Won Universe themed fund may exceed 600 million US dollars, and retail investors will contribute 90% of the capital flow.

This article was originally published on the "" public platform, so stay tuned for more in-depth interpretations of the Metaverse.