Residents of the capital city of South Korea can now access city services in a virtual setting thanks to the launch of the Metaverse Seoul project by the Seoul Metropolitan Government.
Seoul Mayor Oh Se-hoon announced the beginning of Metaverse Seoul’s first phase in a press conference on January 16 following the project’s beta testing. The mayor claims that the internet would serve as a “place of communication for people” of the nation’s capital, enabling them to virtually visit many of Seoul’s attractions, view official papers, lodge specific concerns, and get assistance with filing municipal taxes.
Approximately 2 billion won ($1.6 million) or the first phase of the metaverse project was reportedly spent by the city administration. Oh claims that the second phase will focus on facilitating older residents’ access to Metaverse Seoul, as they might have difficulty physically traveling to city offices.
With 52 million people and one of the fastest internet speeds in the world, South Korea has taken the helm of some of the projects surrounding the adoption of blockchain technology as the metaverse expands. The city of Busan revealed plans to work with FTX to create a cryptocurrency exchange in August. The regional administration stopped working with several of its international centralized exchange partners when FTX collapsed in November.
Following Facebook’s change of name to Meta in October 2021, there has apparently been an increase in interest in the metaverse, with numerous businesses announcing plans to establish virtual offices.
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