Turkey’s Governing Political Party Holds Meeting In Metaverse
Metaverse has been identified as a potential center of attraction for social interactions in time to come, as the excitement it has caused is not likely to fade anytime soon. Recep Tayyip Erdogan, President of Turkey, has been spotted as a massive virtual world fan.
Reports gathered suggest that the President has given orders to the ruling Justice and Development Party (AK Party) to strategize on new developments encompassing cryptocurrencies, social media alongside the metaverse. This move imitates some of the South Korean Politicians’ enthusiasm regarding metaverse and crypto.
Reports from other sources have it that The Grand National Assembly of Turkey (TBMM) had its first session in the Metaverse. In Attendance were Mahir Ünal and Mustafa Elitas, Vice-Chairmen of the TBMM Group, and Mer Leri, Vice-President of the AK Party, responsible for Internet and communications technology.
Ünal and Leri were at the AK Party (AKP) headquarters, while Elitas attended the meeting from the parliament building. The main topic discussed in the meeting was crypto regulation, according to Ünal, who stated that crypto assets need both financial and legal rules.
Elitas, who recently convened a meeting at TBMM with representatives from the Turkish crypto industry, highlighted that staying off the virtual world is impossible. “ I believe that metaverse-based gatherings will rapidly improve and become an important part of our lives,” he continued.
On Thursday, Eritas is expected to meet Binance Turkey. As previously reported, Binance Turkey has been dismissed from Turkish Lira (approximately $ 600,000) after failing an anti-money laundering compliance audit. According to Leri, Turkey has accelerated the Metaverse initiative as blockchain technology enables digital ownership. He predicted that the Metaverse, which he sees as an early but rapidly evolving field, will affect many companies in the future.
According to reports, the President has charged essential party members with researching and analyzing the industry as mentioned above and their consequences for the future. The President is particularly interested in the metaverse’s capabilities, and he wishes to host a discussion in the virtual world where he will be a guest.
While Turkey may not have a globally famous economy, President Erdoan is a well-respected leader. His perspective endorsement of the metaverse as a technological breakthrough might benefit the niche as a whole. While Blockchain protocols have long pioneered the concept of the metaverse, the idea was thrust into the spotlight when Meta platforms INC said it is exploring new metaverse initiatives that will reshape the future of social interactions.
Currently, more than five multinational corporations are looking into ways to monetize the metaverse while also developing new items for their fans. One of them is Samsung Electronics America. Earlier this month, the company created a virtual version of its New-York based Samsung 837 store on Decentraland, making it one of the first digital giants to have blockchain real estate. More businesses are expected to seek new prospects in the metaverse now that it has become mainstream.
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