A 110 billion won ($83.5 million) metaverse fund has been announced by the Korean venture capital firm Daesung Private Equity.

The fund, which will include the involvement of the Korean state represented by the Korea Fund of Funds of Korea Venture Investment Corporation, aims to invest in companies involved in virtual reality (VR) and digital twins.

Metaverse Fund to be Launched by Daesung Private Equity, a Korean venture capital firm, has chosen to enter the metaverse investment market.

On November 30, the company revealed plans to launch a fund with a specific interest in the metaverse. The fund would have 110 billion won ($83.5 million) available for investment.

The Korean government will participate in the "Metaverse Scale-Up Fund," which the business claims is Korea's largest private fund in the industry.