A group of large Japanese technology companies, led by Fujitsu Ltd. and Mitsubishi Corporation, have come together to develop joint solutions in the field of the metaverse.

Japanese companies come together to create the ‘Metaverse economic zone’

According to Fujitsu’s official announcement, several major Japanese tech companies have signed an agreement to jointly develop the metaverse in the country. The initiative was supported by JCB Co., Ltd., Mizuho Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc., Mitsubishi UFJ Financial Group, Inc., Resona Holdings, Inc., Sompo Japan Insurance, Inc., Toppan Inc. . ., Fujitsu Ltd and TBT Lab Inc.

Together, the companies plan to work on standardizing tools for metaverse development. Each of the participants will be responsible for their area, which is determined in advance. For example, Mitsubishi will focus on the financial side of the metaverse, and Sumitomo Mitsui Financial Group will promote the creative economy and gamification of life.

The agreement also mentions the possibility of providing the infrastructure built by the participants to companies and government agencies outside of Japan in the future.

In addition to establishing a “metaverse economic zone,” the companies announced the creation of an open ecosystem called “Ryugukoku.” In the near future this is expected to trigger the next wave of meta-universe development in the world.

Author:

Grigory Shcheglov

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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