An institution in South Korea dived into metaverse

Lens1000

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The metaverse world is growing at an exponential rate and institutions, individuals are tapping the fortune bagged by the metaverse. Experts predicted that metaverse will allow humans create their dreamed world in the future.
The South Korean Sovereign Wealth Fund also planned to dive into metaverse and artificial intelligence assets.


The head of the $200 billion fund, Korea Investment Corp (KIC), said it was looking past tech's recent stock market nosedive and the risk of an interest rate hike by the Federal Reserve, according to a report by Bloomberg. The South Korean Sovereign Wealth Fund also planned to dive into metaverse and artificial intelligence.

According to Bloomberg, the fund's allocation to alternative assets, such as private equity and hedge funds, would climb by around 2 percentage points in 2022.
 
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