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NFT News

South Korea’s Seongnam to Give Citizenship Rights through NFTs

Written By:
Ritu Lavania

Last updated: September 15, 2022 11:10 AM
Published 2022-09-15
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South Korea’s Seongnam to Give Citizenship Rights through NFTs

The 12th most populated city in South Korea, Seongnam is planning a digital makeover and recreate the city in Metaverse and offer citizenship rights through NFTs.

As per the local media reports, the city is planning to place an order to create Metaverse Special City Seongnam’ next month. After releasing the service results in April next year, the virtual city will start operating in May or June next year.

The NFT citizenships, which will be fundamentally issued to promote the metaverse city, will also offer citizens access to more municipal information. The Seongnam city government said that other details related to the platform and the NFTs will be decided in an upcoming meeting in October.

With the digital jump, the city expects that the virtual city platform will enable participation from all generations and specially the MZ generation (born in the early 1980s to early 2000s) who have actually grown up with digital media.

Also Read: Seoul to Launch First Test Run of Metaverse Project

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:NFTsSouth Korea
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Ritu Lavania - Crypto Content Writer at The Crypto Times
By Ritu Lavania
Ritu Lavania is a content writer at The Crypto Times. She is also a literature enthusiast who loves beautiful clicks, flowery letters and has started to appreciate NFT Art. She loves dogs (and wishes to pet them), loves elephants (but can't afford them), and also likes spiders (and has a few of these in her window grills).

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