Mizuho will provide infrastructure for 'metaverse coins' and Mitsubishi will give capacity for 'web3-type metaverse financial functions.'
A new project, dubbed Ryugukoku, brings together Japanese conglomerates to build an interoperable metaverse for information dissemination, marketing and work style reform for domestic enterprises.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
The group will be guided by the aim of former Square Enix executive and JP Games CEO Hajime Tabata to"update Japan through the power of games," according toCompanies that signed the agreement will integrate their technologies and services, including gamification and fintech, to build the technical infrastructure. It is currently called Ryugukoku.
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. The project echoes established players' attempts to create open metaverse infrastructure that allows for interoperability – or the ability to port assets and characters across multiple virtual worlds run by different companies. The Open Metaverse Alliance will be governed by a
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