– Dubai Multi Commodities Centre recently partnered with South Korean companies to expand the Web3 and metaverse business.
– This partnership will leverage the expertise of South Korean companies interested in blockchain and metaverse development to create a new stream of wealth.
The Dubai Multi Commodities Centre has planned to establish a new center for Web3 and metaverse development in Dubai in collaboration with MetaverseSociety. South Korea has entered the Metaverse with Dubai’s Free Trade Zone. South Korea’s booming gaming industry and cultural popularity have made the country a major player in the crypto community. The partnership is also expected to create new VR, AR, and MR jobs opportunities.
The Dubai Multi Commodities Centre has signed partnership agreements with South Korean companies. The country has decided to fund companies that provide services related to Web3 products and Metaverse. South Korea is known for its technological advancement in gaming, VR, and Web3.
South Korea and Dubai could become a hub for international businesses by working together. Other countries like Japan have also invested in Web3 technology.
South Korea is reportedly set to launch Metavere Seoul, a virtual game based on Seoul city in the Metaverse. The project is expected to be completed by 2026. Metaverse Seoul will upgrade public services allowing players to play games, visit tourist attractions, and read eBooks. One of the key features of this game is that it allows citizens in the Metaverse Seoul game to clear any queries related to municipal taxes in the city.