On February 27, well-known technology conglomerates including Fujitsu and Mitsubishi Jointly entered into a new agreement to help develop the country’s metaverse sector (Japan Metaverse Economic Zone).
In addition to creating the Japan Metaverse Economic Zone, the agreement also focuses on building infrastructure. A metaverse called “Ryugukoku” which is believed to spark the next wave of metaverse development.
This metaverse infrastructure will help create interoperable tools for users and developers across platforms. It will also serve as a new social infrastructure for the digital transformation of enterprises.
The companies that signed the agreement will combine their “related technologies and services” to create Ryugukoku, which includes gaming, fintech, and information and communication technology.
Japan’s Metaverse Economic Zone It will be an ecosystem that comes from the collaboration between various services and platforms available to consumers in Japan. The agreement also mentions the possibility in the future to “Provide this infrastructure for companies and government agencies outside Japan.”
Japanese companies that have made the deal include Fujitsu, Mitsubishi and TBT Lab, among others.
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