Report: South Korea to recruit companies for Metaverse content creation project

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South Korea’s Ministry of Science and ICT has announced that it will recruit companies to participate in its Metaverse 2022 content creation project. A ministry director said the project is being promoted as part of the leading metaverse strategy. of the country’s industry.

Build trust in the metaverse content creation ecosystem

South Korea’s Ministry of Science and ICT, together with the National Information and Communication Industry Promotion Agency (NIPA), said it will recruit companies to participate in the creation project. of Metaverse 2022 content. Through this project, South Korea intends to support local metaverse content creators as well as the issuance of non-fungible tokens (NFTs).

According to a report in Korean-language publication News 1, the project’s goal is to build trust in the metaverse content creation ecosystem. Four companies will be selected to participate in the project and each will receive approximately $160,000 (200 million won).

Meanwhile, Heo Won-Seok, director of software policy at the Ministry of Science and ICT, is quoted in the report explaining why South Korea is embracing the metaverse. The director said:

This project is being promoted as part of the new Metaverse Peak Strategy. We will work hard to lay the foundation for Korea to become a leading nation in the metaverse by providing content that can be enjoyed by different age groups and supporting the creative pursuits of creators.

According to the report, companies wishing to participate in the project must submit their application by July 8. Additionally, the report states that content creators and content development companies that wish to participate can form consortia with token companies.

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

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