Facebook bet big on the metaverse by changing its name to Meta and now Seoul has become the first city to buy in on the hype.
Seoul is the first local government in Korea to develop a comprehensive long-term plan for a metaverse. The city plans to establish a platform for ‘contactless communication’ by the end of 2022.
‘The fourth industrial revolution, and the explosion of the “untact” culture during corona, demand a change in the way we deliver public service by building a Metaverse Seoul platform,’ said the virtual avatar of Mayor Oh Se-hoon, during a September announcement.
The project is a part of Mayor Oh’s 10-year plan to position Seoul as a global hub for emerging technology. The metaverse project is estimated to cost nearly $34 million over five years.
The project has been tentatively named ‘Metaverse…