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May 22
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Turkish President Recep Tayyip Erdogan has ordered his ruling Justice and Development Party to conduct research on new blockchain technology and, in particular, metaverse applications.

Erdogan said the study should also cover other key issues such as cryptocurrencies and social media, and offered to organize an online forum in which he would also participate.

As for the metaverse, the president told officials that it's a sensitive issue and should be looked into carefully.

The Metaverse is getting more and more popular in Turkey. Over 11,000 virtual lands in Istanbul were recently sold through OVR, a metaverse decentralized infrastructure application that aims to connect the physical and virtual worlds through augmented reality.

At the same time, Erdogan is known for his firm position against cryptocurrencies. Last year, he declared “war” on cryptocurrencies.

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