How the metaverse has sped up economic growth in developing nations
Countries are putting their money on the idea of digital space, often known as the “Metaverse,” as their economy continues to sputter. This occurs at a time when the rate of inflation has peaked as a result of isolated ecosystems, logistical disasters, and the growing cost of centralized control, which is driving the urgent demand for decentralized design.
But as virtual and augmented reality technology have advanced, corporations and governments have begun to see the promise of virtual worlds. An example from more recent times might be the “Shanghai Model,” which relies on the metaverse to recover from the rapidly declining economy. Even nations like South Korea want to put $177 million into metaverse-related projects.
A spectacular fusion of virtual reality, augmented reality, sensory technology, and spatial computing is being created by Metaverse…