In a significant move towards advancing the metaverse sector, a group of ten major Japanese tech and finance companies have signed a pact to establish a Metaverse Economic Zone. The pact will bring together firms such as Fujitsu, Mitsubishi, JCB, and Sumitomo Mitsui Financial to construct an open metaverse called "RYUGUKOKU."
RYUGUKOKU, inspired by Hajime Tabata's vision of integrating role-playing game (RPG) elements into the metaverse, will feature moving "cities," "castles," and "vehicles" that users can engage with as they travel through different realms. The platform will be built using the "PEGASUS WORLD KIT," an advanced tool for creating metaverse and game services.
The Metaverse Economic Zone will offer an open ecosystem that allows users to interact with various virtual services and businesses, creating a new digital economy. The initiative aims to provide a new social infrastructure for businesses to launch digital experiences, such as marketing campaigns, information sharing, and consumer engagement.
Moreover, RYUGUKOKU will leverage Japan's secure financial infrastructure, allowing for safe and stable use of identity authentication, various payments, data infrastructure, and insurance. The platform's financial infrastructure will be made available to foreign companies and government agencies, expanding the Metaverse Economic Zone globally.
The move comes as Japan continues to dominate the metaverse space, with companies exploring innovative ways to incorporate gaming and other digital experiences into the metaverse. The Metaverse Economic Zone is poised to play a significant role in the development of the metaverse sector, providing a secure, interoperable platform for businesses and users alike.