Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express.
Our weekly roundup of news from Asia curates the industrys most important developments.
South Koreas tech-savvy population, blazing-fast internet, and deep-rooted gaming culture made it the ideal testbed for metaverse applications. Despite these advantages, some of the country’s top metaverse platforms are now closing their doors.
The latest casualty is 2nd Block, a metaverse built by Dunamu, the operator of South Koreas largest cryptocurrency exchange Upbit.
