Too Long; Didn't Read
In 2021, the metaverse – a shared virtual world meant to enrich our reality with new digital opportunities, – made it to the shortlist of top tech trends. The Shanghai city department included metaverse in its five-year development plan. Korea announced plans to make Seoul a metaverse city and it is said that by 2026, Seoul will be the fifth-largest metaverse market in the world. By uniting traditional industries under the umbrella of new technologies, it will also encourage healthy competition between companies and entrepreneurs rushing to grab their niche in the virtual space.