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Seoul government invests $3.3M to build city government in metaverse

By: nftjedi November 10, 2021

UncategorizedDigital New Deal, government metaverse, Seoul, slider, South KoreaLeave a Comment

I gave a public lecture yesterday explaining why I think the shift to a metaverse will not be a giant leap after we’ve all been on Zoom during the pandemic. Well, “on Nov. 3, the South Korean capital announced a plan to make a variety of public services and cultural events available in the metaverse, an immersive…

South Korea decides NFTs are not virtual assets, should be unregulated — for now

By: nftjedi November 5, 2021

UncategorizedFinancial Services Committee, Regulation, South KoreaLeave a Comment

South Korea’s Financial Services Commission (FSC) issued a report concluding that non-fungible tokens (NFTs) are not virtual assets. NFTs will not be regulated (in contrast with cryptocurrency. FSC also stated that it would review NFTs on a case-by-case basis and that NFTs used for payments or investments could constitute virtual assets, subjecting them to regulation.…