Several top Japanese companies specializing in manufacturing, technology and finance have teamed up to “Japan Metaverse Economic Zone”. this is, press release i saw it yesterday The goal is to create a framework for these companies to leverage his Web3 marketing, work style innovation, and consumer experience initiatives.

The contract was signed on February 16th. The deal was signed between JCB, Mizuho Financial Group, Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group, Resona Holdings, Sompo Japan, Toppan, Fujitsu and TBT Lab.

Virtual space serves as a versatile metaverse platform. It is based on a virtual world called Ryugu Kingdom, run by JP Games, which designs virtual economies.

This agreement, however, pegasus world kita tool that enables stakeholders to build their own metaverse space within their economic sphere.

Credit JP Games

The Metaverse functions as a city, allowing visitors to roam and access virtual spaces using digital avatars. This experience reflects playing an online game. To ensure that each metaverse meets the demands of its parent company, these organizations will provide specific details about what the virtual universe will look like.

In addition, each company contributes its expertise to the development of the entire Japan Metaverse economic zone. For example, Mizuho Financial Group is expected to provide expertise in the payments space and Metaverse tokens.

Meanwhile, Mitsubishi Financial Group will support the Zone’s Web3 function and help with overseas expansion plans.

Access to the Japan Metaverse economic zone requires special identification

Once fully conceptualized and built, visitors use a unique identity and a service called the Wallet Service. “Multi Magic Passport” Make payments and move personal data such as avatars, items, and NFTs between different metaverses.

Overall, the group hopes other companies around the world will be attracted to and join the initiative. This should enable them to expand their business and services.

By Jules

Leave a Reply