10 Japanese companies have agreed to establish the ‘Japanese metaverse economic zone’ .Ten Japanese companies, including Fujitsu, Mitsubishi and Sumitomo Mitsui, have agreed to advance Japan’s metaverse plans with the establishment of the ‘Japanese metaverse economic zone’ .
Within the scope of the agreement signed on February 27, the companies will establish a metaverse infrastructure called ‘Ryugukoku’ using the ‘Pegasus World Kit’ metaverse construction framework developed by JP Games . Ryugukoku is expected to create an open and secure metaverse infrastructure for secure authentication, insurance, payments and data infrastructure.
Under the agreement, the Japan metaverse economic zone could expand globally by providing this infrastructure to companies and government agencies outside of Japan.
Japanese Prime Minister Fumio Kishida announced plans to invest in NFTs and the metaverse last year.
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