In a recent announcement to accelerate the development of the Web3 industry in South Korea, Near Protocol has inked a pivotal business agreement with the vibrant Dongdaemun-gu District in Seoul. This partnership is set to bring the full potential of the Web3 industry, sending Seoul to the top of the blockchain market.
The NEAR Foundation unveiled its collaboration with the Dongdaemun-gu Office in Seoul through a formal Memorandum of Understanding (MOU). This partnership aims to drive the flourishing Web3 industry in the region, offering a wide range of opportunities and support mechanisms for businesses and individuals seeking to utilize the capabilities of Web3 technology.
The collaboration seeks to simplify administrative processes, enabling expedited approvals and licenses for Web3 projects. Additionally, it promises tax incentives to stimulate regional economic development, offering relief on specific local taxes for a defined period.
Recognizing the vital role of skilled professionals in the Web3 space, the partnership will establish a talent training program. This initiative aims to equip individuals with the necessary skills and knowledge to excel in the Web3 industry, thereby ensuring a steady influx of talent to fuel its expansion.
Source: Blockchain Reporter