Politics
Metaverse, NFTs, and Winning Games May Gain Political Support in Korea
South Korean cryptocurrency games and metaverse projects could get a big boost in the coming weeks – if the results of the upcoming general election pan out and politicians deliver on their promises.
As reported, South Korean gaming giants have been virtually frozen in the P2E market due to the government’s restrictive stance on crypto and non-fungible tokens (NFTs). Titles such as these may not be readily available in the country, and the gaming regulator recently said it would ask app markets to remove P2E titles.
In many cases, this has forced South Korean gaming companies to enter overseas markets with their blockchain releases at the expense of the local gaming industry.
But in what could be a major development, Lee Jae Myung, the Democratic nominee in the country’s presidential election, launched a “Games and Metaverses” division ahead of the March vote. Lee has already positioned himself as a cryptocurrency-friendly candidate, leading a parliamentary movement that successfully delayed the introduction of a business income tax until 2023.
He has since gone even further, talking about the need to position South Korea at the forefront of cryptocurrency innovation. in East Asia. Many have accused Lee of desperately trying to cater to young voters, among whom there is a growing number of investors interested in cryptocurrencies.
Regardless, Lee now appears to be successfully positioning himself as a pro-Business and Industry 4.0 candidate in what is essentially a two-horse race between him and People Power Party candidate Yoon Seok Yeol.
Preliminary data suggests that this stance has proven somewhat successful: despite trailing Yun in the polls late last year, last week’s Realmeter poll showed Lee is now the favorite by a narrow margin and is now gaining support. younger voters. Lee scored nearly 41% and Yoon just over 39%. According to the company, Lee also outperformed Yun in all age groups except 60+.
At the launch event for the “Democratic Task Force on Games and the Metaverse”, Lee said:
“Blockchain, metaverse and NFT are new technologies that many people are not yet familiar with, but their ripple effect will be stronger if they are combined with games. The more powerful the new technology, the more we need to pay attention to the shadows it casts. Everyone should be able to use technology without discrimination. However, the problem now is that the lower the income of people, the less accessible the technology is.”
Lee also spoke “positively” about the development of the metaverse, NFTs, and the gaming industry, and pointed out that the domestic gaming industry is expected to grow to $16.7 billion next year, according to Hanguk Jungkyung Shinmun.
While Lee has refrained from making broader promises of regulatory changes, participation in the “task force” is significant, as is the event itself. Several leading figures from the gaming industry were in attendance and spoke brilliantly to the media about the future of P2E gaming.
While they also talked about creating an “oversight mechanism” for P2E games, they also explained that games need to be “approached as the industry of the future” and noted that “P2E should be approached as a business model” for gaming companies. .
Meanwhile, Donga revealed that the value of “South Korean” property in the Metaverse 2 project is starting to skyrocket on domestic and international platforms.
The media pointed out that while a little over a year ago, South Korea’s virtual land was only worth $0.10, “A little over a year later, the price of land in the Jongno area went up. [centro de Seul] reached $12,207.” – price increase “more than x 120,000”.
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Politics
The dollar continues to reflect the political scenario
Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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Politics
Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.
The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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Politics
The EU has reached a political agreement on limiting gas prices – 19.12.2022
The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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