The Spanish Government will give grants to companies or individuals working on projects related to Web3 and metaverse.
- Spain supports technological innovation.
- Government program will give grants to Web3 and metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. projects.
- It is not the only country exploring and investing in the metaverse.
The metaverse now has the backing of the Spanish government.
In Spain, micro-enterprises, SMEs and self-employed nationals or from any country of the European Union will now be able to count on financial support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. to develop metaverse projects. The Spanish Government recently announced the approval of a 3.8 million euro (USD $3.8 million) fund to foster innovative developments related to Web3 and the metaverse.
As reported in a Official State Gazette (BOE), the aid program will be managed by the Ministry of Economic Affairs and Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Transformation of Spain and is linked to the “Programs for the development of the Audiovisual Hub”, which is part of the Spain Digital 2026 strategy.
The grants will be aimed at “proyectos de desarrollo experimental e innovación de procesos a través de tecnologías asociadas al Metaverso y Web3“According to the official document. Any company or individual based in Spain, or directly in the EU, working on a related project will be eligible for the aid.
España respalda la innovación tecnológica
The ministry in charge of the program has explained that, in this first call for grants, the funds will go to companies that produce immersive content in the audiovisual industry and the video game sector.
The publication of the call also indicates that it is aimed at experimental development projects and process innovation through technologies such as virtual reality (VR), augmented reality (AR) and extended reality (XR).
Like collected Observatorio Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.projects aimed at the creation of new virtual work and collaboration spaces, as well as prototypes or innovative processes that implement the technologies associated with the metaverse in cultural, health or educational environments will also be eligible for support.
The Spanish government is betting on the metaverse because of its future growth potential. According to local newspaper Cinco Días the ministerial order has estimated that the business linked to the metaverse as a whole will exceed $1 trillion by 2026 worldwide, specifically when it comes to virtual and augmented reality.
Those interested in applying for the grants must submit an application and plan to the Ministry of Economic Affairs and Digital Transformation, explaining the scope and goals of each project. The documents submitted must also include the timeline, agreements with third parties and the economic report of the project.
In addition, in order to promote female participation and ensure diversity, at least 25% of the applicant teams must be made up of women in order to be eligible for the grant. The grant is awarded through a competitive concurrence procedure, as indicated byObservatorio Blockchain, and the deadline for applications will be from 4 August to 31 August 2022.
Nations explore the metaverse
As the concept of the metaverse becomes more popular, more and more companies and entities around the world are establishing strategies to explore the growing space. Amid this trend, Spain has not been the only country to announce a plan to generate some sort of domain in this field.
El Shanghai city government also anunció recientemente una its strategy to cultivate an industry of metaverso worth 350 billion yuan (about USD$52 billion) by the end of 2025, according to the reported CoinDesk .
According to the media, the plan seeks to “ strengthen cutting-edge technological advances ” with a focus on VR virtual reality (VR) technology is used to simulate an immersive artificial world that can mimic or transcend reality. V headsets, chips, cloud cloud servers are typically located throughout different data centers all over the world. computing and 5G technology. It also has plans to grow 10 companies ” chain owners “that will compete on an international scale, while creating more than 100 companies that master the core technologies of the metaverse.
A few days ago, the government of Dubai, which is part of the United Arab Emirates (UAE), said it was preparing to open some of its offices in the metaverse. March, South Korea had already reported plans to deploy some $187 million to build its own virtual environment.
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Article by Hannah Estefania Perez / DiarioBitcoin
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