Fujitsu and Mitsubishi look to create Japanese 'metaverse econ | Crypto Insider

Fujitsu and Mitsubishi look to create Japanese 'metaverse economic zone'

A group of large Japanese companies — including Mitsubishi, Fujitsu and banking giant Mizuho — agreed to work together to create a "Metaverse Economic Zone" for the country, with the aim of building open metaverse infrastructure. Companies that signed the agreement will integrate their technologies and services. The new social infrastructure will be used for information dissemination, marketing and workstyle reform for domestic enterprises, the release said. Users will be able to engage in an RPG-like experience as they travel through different realms. The service could also be extended beyond Japan to other jurisdictions and governments. Mizuho will provide infrastructure for "metaverse coins," Mitsubishi will give capacity for "web3-type metaverse financial functions" and Sompo Japan Insurance will work on insurance and risk policy development for the web3 era.