VR Metaverse Contest Held... Total Prize Money 8 Million Won

[Asia Economy Reporter Seulgina Jo] The Ministry of Science and ICT announced on the 25th that it will hold the 'VR Metaverse Contest' with a total prize of 8 million KRW to promote the spread of metaverse services and discover excellent domestic virtual remote education and meeting solutions.

The 'metaverse,' meaning a three-dimensional virtual world, enables real-time voice conversations using avatars, 3D objects, and 360-degree videos in virtual spaces, and is evaluated as overcoming the limitations of existing non-face-to-face and remote education in the education field.

The VR Metaverse Contest targets virtual remote education and meeting solutions based on virtual reality (VR) developed by domestic companies. The solution submission period is from the 26th of this month until 3 PM on June 9.

After expert evaluations, YouTube influencers and subscribers, as well as professors and university students participating directly in VR classrooms during university lectures, will experience and select excellent solutions. Famous YouTube creators in the science and technology field, such as Andwel Science and Science Cookie, will participate in the influencer evaluation. The user evaluation will be conducted at five universities, including Soongsil University and Sejong University.

The Ministry of Science and ICT plans to allow anyone to experience the contest-selected solutions at the 'XR Playground' experience center, scheduled to be established in September.

Each excellent solution selected in this contest will be awarded one prize, including the Minister of Science and ICT Award (5 million KRW) and the Korea Radio Promotion Association Award (3 million KRW).

Kim Jeongsam, Director of Software Policy at the Ministry of Science and ICT, stated, “Metaverse services, which can overcome physical spatial and temporal limitations and enable social activities due to changes in consumption patterns, will be applicable in various fields in the future.” He added, “Through new attempts like this contest, we will actively support the popular promotion of competitive domestic metaverse services and the development and formation of the metaverse industry ecosystem by fostering new services utilizing virtual convergence technology (XR).”

Detailed information about the contest can be found in the notices section of the Korea Radio Promotion Association website (www.rapa.or.kr).

This content was produced with the assistance of AI translation services.