Business News Report
February 27, 2023

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.

Companiest that are part of the Japan Metaverse Economic Zone

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.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

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 [email protected].

More articles
Agne Cimerman
Agne Cimerman

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 [email protected].

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Gate.io Launchpool Sees Strong Growth In April, Launching 23 Projects And Delivering High Yields Via Mainstream Token Staking
News Report Technology
Gate.io Launchpool Sees Strong Growth In April, Launching 23 Projects And Delivering High Yields Via Mainstream Token Staking
May 6, 2025
BitMart Celebrates 7th Anniversary With Successful ‘Web3 Convergence Night’ At Token2049 Dubai
Lifestyle News Report Technology
BitMart Celebrates 7th Anniversary With Successful ‘Web3 Convergence Night’ At Token2049 Dubai
May 6, 2025
BNB Chain Rolls Out Model Context Protocol To Enable AI Integration Across Its Ecosystem
News Report Technology
BNB Chain Rolls Out Model Context Protocol To Enable AI Integration Across Its Ecosystem
May 6, 2025
DeFi Without Borders: How Interoperability Is Shaping Next-Gen Finance
Hack Seasons News Report Technology
DeFi Without Borders: How Interoperability Is Shaping Next-Gen Finance
May 6, 2025