South Korea has ramped up its Metaverse ambitions. The country’s $200 billion sovereign wealth fund is increasing its investments in Silicon Valley startups. The Korea Investment Corporation (KIC) will pay special attention to Metaverse and AI companies.
The news comes just days after Facebook owner Meta suffered one of the bloodiest days in the stock market, casting doubt on the future of the mixed reality Metaverse envisioned by CEO Mark Zuckerberg.
Source: Will South Korea’s $200bn finally make the immersive metaverse take off?
