Leading Tech Companies Create the “Japan Metaverse Economic Zone”
In Brief
Japan Metaverse Economic Zone consisting of ten tech companies is “creating an open metaverse infrastructure from a role-playing game perspective.”
The agreement will advance Japan’s metaverse sector and it’s part of the country’s digital transformation plans.
Ten major tech companies in Japan have collaborated to develop an open ecosystem called the “Japan Metaverse Economic Zone” (JMEZ) for creating metaverse experiences. The project aims to merge elements of fantasy and the real world to create an immersive experience that’s a part role-playing game (RPG) and part reality.
The companies that have signed a basic agreement for the project include JCB, Mizuho, Sumitomo Mitsui, Resona Holdings, Sompo Japan Insurance, Toppan, Fujitsu, Mitsubishi UFJ, Mitsubishi Corporation, and TBT Lab.
TBT Lab contributes gamification and essential technology components, while Toppan incorporates metaverse and avatar technology into the project. Fujitsu provides the main technological support, and Mitsubishi helps with global expansion. MUFG offers web3 financial functions, while SOMPO handles insurance.
The JMEZ includes digital transformation (DX) strategies that usher in the next wave of metaverse development. NFT integration is also a part of the Japanese government’s digital transformation plans.
The “Japan Metaverse Economic Zone” also emphasizes developing an open metaverse infrastructure called “Ryugukoku.” Through this open infrastructure, various platforms can create interoperable tools catering to both users and developers.
The metaverse will have a range of RPG themes, such as castles and cities, which makes the experience more immersive and engaging for users. The project is a significant step forward in metaverse development and could pave the way for new possibilities in the future.
A few months ago, Japanese mobile operator NTT Docomo announced plans to invest $4 billion (600 billion yen) in Web3 development over the next five to six years.
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About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
