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Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n

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\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 5, 2024

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By subscribing, you agree with our privacy and terms.

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\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

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Follow The Distributed

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\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

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Follow The Distributed

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\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 5, 2024

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Follow The Distributed

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\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 19, 2024

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December 5, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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December 5, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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Follow The Distributed

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\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

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December 5, 2024

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\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8913,"post_author":"16","post_date":"2022-12-23 15:49:08","post_date_gmt":"2022-12-23 04:49:08","post_content":"\n
China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by 2025.<\/p>\n\n\n\n
\n
According to the South China Morning Post,<\/a> Zhejiang province, where the Alibaba Group headquarters lie, will become a megacity and development zone of 200 billion yuan.<\/li>\n<\/ul>\n\n\n\n
\n
Expected in early 2023, the plan will be put into operation and China expects the project to grow larger not only in Zhejiang but the entire country with the support of the people. <\/li>\n<\/ul>\n\n\n\n
\n
With the official announcement of the province, 57 million residents are responsive to this project. According to our exclusive interview with Ms. Xiao Ying, an investor in Zhejiang province, Ms. Ying said that for an investor like her, this is a long-term opportunity. At the same time, she is pretty supportive of this move of the Chinese government on a chance to develop the country. <\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Russia Is Considering Digital Ruble Settlements With China<\/a><\/p>\n\n\n\n
\n
The project is also somewhat similar to the Korean development project Metaverse<\/a> announced on Monday. It can be seen that Asia is moving towards a common digital development platform. With this action, Crypto projects from Asia will have high quality creating many opportunities for investors.<\/li>\n<\/ul>\n\n\n\n
\n
According to Zhejiang metaverse plan, the project will start this year and \"bear fruit\" in 2025. In addition to the main goals outlined in the provincial plan, the province also develops \"building supply chains, complete industry ecosystem, and application\u201d, seeking innovation is developing Metaverse app-developing innovations.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>China\u2019s National Blockchain Xinghuo BIF Eyes Global Expansion In Deal With Malaysian MyEG<\/a><\/p>\n","post_title":"China Aims To Make Zhejiang A Metaverse Hot Zone By 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"china-aims-to-make-zhejiang-a-metaverse-hot-zone-by-2025","to_ping":"","pinged":"","post_modified":"2022-12-24 01:49:15","post_modified_gmt":"2022-12-23 14:49:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8913","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8894,"post_author":"16","post_date":"2022-12-20 21:42:18","post_date_gmt":"2022-12-20 10:42:18","post_content":"\n
After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the Metaverse.<\/p>\n\n\n\n
\n
A spokesman for Gyeongbuk province said<\/a> that no specific investment amount has been given yet, and tax exemptions or deductions will be applied according to regulations.<\/li>\n<\/ul>\n\n\n\n
\n
\u201cWe will prioritize expanding economic, cultural, trade, and people-centric exchanges with Vietnam by utilizing the metaverse,\u201d<\/em> said Governor Lee Cheol-Woo after his visit to Bac Ninh, Vietnam.<\/li>\n<\/ul>\n\n\n\n
\n
Gyeongbuk said it will invest 18 billion won (about 13.8 million US dollars) in the second quarter of 2023 with the goal of becoming a metaverse technology hub. The project aims to bring over 1 trillion won in value to this province.<\/li>\n<\/ul>\n\n\n\n
\n
More broadly, newly inaugurated South Korean President Yoon Suk-Yeol believes that the development of the Metaverse and Web3 will be a top priority in the country. Above all, Korea will spend $185 million to develop <\/a>related industries, stated the Ministry of Science and ICT.<\/li>\n<\/ul>\n\n\n\n
\n
Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3

Most Read

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

January 3, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024

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Quân Lee

Adoption

Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening

The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is ...

by Quân Lee
January 3, 2023

Regulation

Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia

On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will ...

by Quân Lee
December 29, 2022

Adoption

Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator

After Zhejiang announced its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to ...

by Quân Lee
December 28, 2022

Altcoins

LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen

The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs. This is one ...

by Quân Lee
December 24, 2022

Adoption

China Aims To Make Zhejiang A Metaverse Hot Zone By 2025

China plans to become a Metaverse empire, through which Zhejiang will grow to build a multi-billion dollar Metaverse industry by ...

by Quân Lee
December 23, 2022

Adoption

Vietnam-Korea Relationship To Be Strengthened By Metaverse

After a Friday visit to Vietnam, Korea plans to strengthen friendships between the two countries with the use of the ...

by Quân Lee
December 20, 2022

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