The Spanish Ministry Of Culture And Sports has confirmed 8 million euros (8.5 million dollars) in grants to aid the growth of video games and metaverse narrative experiences. This This forms part of the government’s “Plan for Recovery, Transformation and Resilience,” and will be distributed up until 2023.
Spain Allocating 8 Million Euros to Video Games and the Metaverse
The importance of video games and metaverse experiences has been recognized by countries around the globe, with Spain being the latest to join the list. The Ministry Of Culture has announced 8 million euros (8.51 million dollars) of funding to support companies operating in this sector.
This The second wave of the program has seen a 700% increase compared to the first wave, which only had 1 million euros allocated and selected 25 projects to benefit from the aid. This These funds will be provided by the European Union, and distributed to Spanish SMEs and freelancers as part of Spain’s “Recovery, Transformation and Resilience Plan.”
Some Other countries, such as Korea, have already directed funds to invest in metaverses. This This commitment of Spain is a significant step forward for the nation’s video game industry, as it allows them to compete with other countries and export their games abroad.
Importance Of Video Games And the Metaverse
The Spanish Minister Of Culture, Miquel Iceta, has highlighted the importance of the videogame industry in the transformation of the Spanish production model. With The grants, Iceta added that they would help to promote projects from SMEs and freelancers, and help to solidify Spain’s image as a reference audiovisual hub.
As part of this commitment, video games have now been considered cultural creations, which means they will be preserved in the National Library Of Spain in order to protect them for future generations. This This is a huge step forward for the industry, as it will help to push the video game market forward, which is expected to grow by 20% each year, and possibly reach 2.3 billion euro (2.44 billion dollars) by 2024.
What What do you think about the aids Spain Offers to the metaverse or the videogame industry? Tell Please leave a comment below.
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