In Episode 156 of My Metaverse Minute, Kieron highlights the ethics of data governance by the South Korean government within the developing Metaverse, as the country initiates its Metaverse Industry Promotion Act.
This episode of My Metaverse Minute is sponsored by Community Summit North America, the largest independent gathering of the Microsoft Business Applications ecosystem taking place October 10-13 at the Gaylord Palms in Orlando, Florida. With 500+ Dynamics 365 & Power Platform sessions and more than 300 speakers, this event is a must-attend for Microsoft customers. Visit summitna.com for more details.
00:01 — This episode is sponsored by Community Summit North America, which will take place October 10-13 in Orlando, Florida.
00:44 — South Korea has invested hundreds of millions into Metaverse technologies and is now expanding its efforts to regulate the Metaverse.
01:15 — The new initiative is called the Metaverse Industry Promotion Act, designed to support the country’s Web3 development by providing funding for various tech businesses and organizations. The act includes criteria that will protect users’ private data.
01:44 — Kieron praises the act as an ideal method for governments looking to further Metaverse developments while maintaining secure regulations to protect users.
03:00 — Governments should get involved with the Metaverse to enforce ethical data practices and encourage innovation from private entities.
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