South Korea’s Seongnam city to provide citizenship rights through NFTs

Seongnam, the 12th most populated city in South Korea, is planning to recreate the city in the metaverse and will issue non-fungible token (NFT) citizenships to give access to municipal information, according to local media reports.

See related article: South Korea’s capital city launches first stage of “Metaverse Seoul”

Fast facts

  • The city will finalize plans for the service by April 2023, and aims to start operations in the metaverse around May or June next year.
  • The NFT citizenships, issued to promote the metaverse city, will grant citizens access to more municipal information. The Seongnam city government told Forkast more details on the platform and the NFTs will be decided in an upcoming meeting in October.
  • With a population of nearly one million residents, Seongnam is a satellite city of the country’s capital Seoul.

See related article: S.Korea to set up securities market for crypto tokens

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Author: Traciwininger

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