South Korea is accelerating its plans for metaverse expansion with the Ministry of Science and Information and Communication Technology, the National IT Industry Promotion Agency, and the Korea Radio Promotion Association investing a total of $21 million in 13 metaverse projects in sectors such as healthcare, tourism, and education.
The government also announced a $30 million metaverse fund to be operated by local investment management companies, aiming to incubate domestic metaverse-related companies to compete with global ones.
Meanwhile, Mt. Gox creditors have until April 6 to complete registration to receive repayment, with $3.49 billion worth of Bitcoin waiting to be distributed to affected users.
In other news, Tencent’s NFT platform Huanhe will go offline permanently, with users having until June 30 to request a refund, and Thailand’s cabinet has approved a plan to waive corporate income tax and value-added tax for companies issuing digital tokens for investment.
Finally, Chinese Bitcoin mining equipment manufacturer Canaan’s sales for Q4 2022 decreased by 59.9%, and the company expects to have a total installed mining computing power of around 5 exahash per second by the end of this quarter.
