The shape that the metaverse will take is still unknown, but South Korea is betting on the fledgling industry as the next big thing.
Meanwhile, LG Electronics, the Korean tech giant, launched a blockchain and cryptocurrency division earlier this year.Javier Floren, CEO of NFT start-up DNAverse, said countries that experiment with these new technologies will gain a greater understanding of them for the future.
Governments will need to"change a little bit of their mindset," he said, to make sense of both the opportunities and the risks, such as the protection of user's privacy or the threat of scams. In light of this, South Korea plans to create a body that brings together different ministries to monitor issues like data protection, illegal behavior and intellectual property protection.
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