Report: South Korea to Recruit Companies for Metaverse Content Creation Project

June 7, 2022

The South Korean science and ICT ministry has mentioned it’s going to recruit firms that can take part in its 2022 Metaverse Content Creation Project. A director within the ministry mentioned the undertaking is being promoted as a part of the nation’s industry-leading metaverse technique.

Building Trust within the Metaverse Content Creation Ecosystem

South Korea’s Ministry of Science and ICT along side the National Information and Communication Industry Promotion Agency (NIPA) has mentioned it’s going to recruit firms that will likely be taking part within the 2022 Metaverse Content Creation Project. Through the undertaking, South Korea intends to assist native metaverse content material makers in addition to the issuance of non-fungible tokens (NFTs).

According to a report within the Korean language publication News 1, the objective of the undertaking is to engender belief within the metaverse content material creation ecosystem. Four firms will likely be chosen to take part within the undertaking and each will obtain roughly $160,000 (200 million received).

Meanwhile, Heo Won-Seok, director of software program coverage on the Ministry of Science and ICT, is quoted within the report explaining why South Korea is embracing the metaverse. The director mentioned:

This undertaking is being promoted as a part of the metaverse new industry-leading technique. We will work laborious to put the groundwork for Korea to leap ahead as a number one nation within the metaverse by offering content material that may be loved by varied age teams and assist for artistic actions of creators.

According to the report, firms that want to take part within the undertaking will need to have their utility submitted by July 8. In addition, the report mentioned content material creators and content material growth firms that want to take part can type consortiums with token-issuing firms.

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