The Spanish government has announced that it will issue a series of grants and aids for Metaverse-related development. Individuals and businesses interested in receiving these grants must be based in the European Union or Spain, present their plans and meet a set of requirements. The first batch of grants will be dedicated to the gaming and entertainment department.
Spain recognizes the relevance of the Metaverse
Countries around the world now see the Metaverse and related technologies as important pillars of future development.Spain publication We provide over $ 4 million in grants for Metaverse-related projects. Grant programs managed by the National Ministry of Economic and Digital Transformation are aimed at companies and individuals working directly on Metaverse projects in the European Union or Spain.
Those interested in applying for these grants should present the ministry with a plan that explains the scope and goals of each project. For companies and teams, women must represent 25% of the organization to apply for these grants.
The ministry hopes that this program will tempt companies across Europe to include the Metaverse as part of their future plans.
Countries interested in the Metaverse
The concept of the metaverse is still very broad, but companies are already working to establish some advantage in this area. Today, Metaverse is so closely associated with these industries that this first grant will be directed to gaming and video entertainment companies. At the same time, the ministry has begun the process of including experimental projects using virtual, augmented, and augmented reality companies.
The Spanish Ministry estimates that the Metaverse will be worth more than $ 1 billion by 2026. Other countries also take the Metaverse very seriously. One of these is Dubai. Reportedly We are discussing with third parties to make some government agencies and services Metaverse-enabled. The country’s virtual asset regulator was also one of the first companies to set up an office in the Metaverse.
Similarly, other countries are directly investing in Metaverse. May, South Korea clearly A $ 177 million investment to kickstart a state-owned company working on a Metaverse-related project.
What do you think of Spain’s grant program for Metaverse companies? Please let us know in the comments section below.
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