Japanese Tech & Finance Firms Sign a Pact to Build a Metaverse Economic Zone

The "Japan Metaverse Economic Zone" will be created by about ten Japanese companies, including Fujitsu, Mitsubishi, and Sumitomo Mitsui.

By signing the agreement on Feb. 27, the companies agreed to build a metaverse infrastructure called Ryugukoku using JP Games' Pegasus World Kit.

The Japan Metaverse Economic Zone may be able to expand globally by “providing this infrastructure to companies and government agencies outside of Japan.

Japan’s Prime Minister Fumio Kishida last year announced plans to invest in non-fungible tokens (NFTs) and the metaverse.

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