The metaverse has not stopped its expansion, more and more companies and people want to have a presence in a disruptive solution that has captured the eyes and attention of many users, thus associations like this one arrive, in which companies such as Mitsubishi, Resona Holdings, Fujitsu among others have come together to create an economic zone in the metaverse.
The companies that will form the economic zone will be: 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., Mitsubishi Corporation, and TBT Lab Inc.; This group of companies have signed a basic agreement for the construction of an open metaverse infrastructure called “RYUGUKOKU”, using the Metaverse construction framework “PEGASUS WORLD KIT” developed by JP GAMES Inc., a TBT Lab group company.
This agreement is based on the idea of upgrading Japan through the power of games.. Hajime Tabata, a renowned game creator, who is also the founder of JP Games, and works as a web 3.0 consultant for the Japanese government digital agency, is the person behind this concept, in which he was in charge of establishing the concept that each company in the metaverse will develop.
This initiative was born in response to the growing demand for DX (companies or industries associated with the metaverse) that is used in the virtual domain between companies and government agencies.. The signatories of this agreement will integrate their technologies and services, including gamification. Fintech and ICT come together to build an open metaverse infrastructure for companies called RYUGUKOKU.
The objective of this alliance is to allow interoperability between different Metaverse platforms, as well as collaboration between Metaverse platforms.and serve as a new social infrastructure for enterprise DX, such as information dissemination, marketing, work style reform for domestic enterprises, marketing, as well as consumer DX and consumer EX (Experience Transformation).
RYUGUKOKU plans to be an infrastructure in the metaverse incorporating elements of an alternate world online role-playing game (RPG) based on a unique fantasy worldview.
Each company will be in charge of a part of the development of the metaverse that makes up the business economic zone, namely: Provision of features and expertise in MMP/ID authentication and building a digital twin for merchants; Financial Group will be in charge of the Provision of functions and expertise in the area of MMP / payment, provision of metaverse coins and regional DX collaboration; Sumitomo Mitsui Financial Group, Inc. will be in charge of gamification promotion, PWK development support, creative economy building; Mitsubishi UFJ Financial Group, Inc. will be in charge of providing support to establish MMP functions (authentication/settlement/data, etc.), Web3 type metaverse financial functions, overseas expansions.
For its part, Resona Holdings Inc. will be in charge of Joint Research in Future Lifestyles and Next-Generation ID Authentication and Payment; Giichi Shirakawa, will be in charge of Risk Analysis and Insurance Development for the Web3 era, including the Metaverse;Toppan Inc. will be in charge of Interoperation of MiraVerse Metaverse platform and AVATECT avatar generation and management platform, and provision of experience in handling cultural content and expressive technology.
Likewise, Fujitsu Limited will be in charge of the Supply of technologies related to Web3, such as digital data rights management; Mitsubishi Corporation is to be commissioned to expand the economic sphere and abroad of the Metaverse platform; finally, TBT Lab Inc. will be in charge of gamification feature and expertise provision, PWK and MMP provision.
With all these advances, it is expected that the development of the metaverse and this exclusive economic zone will expand, so that companies continue to join RYUGUKOKU, and thus have a larger conglomerate of companies active in the metaverse.
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