Fujitsu and Mitsubishi Join Forces for Ryugukoku Metaverse Project

MetaversePlanet February 28, 2023

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Global corporations Fujitsu and Mitsubishi are collaborating on a Japan-centered metaverse project named Ryugukoku.

Alongside these tech giants, the Japanese banking powerhouse Mizuho is also participating in this initiative. Their collective goal is to establish a “Metaverse Economic Zone,” aiming to construct an open metaverse infrastructure for Japan.

Ryugukoku is designed to unify companies in creating a shared metaverse that supports the dissemination of knowledge, marketing, and the transformation of work styles for local businesses.

This innovative project represents a significant step towards integrating digital and physical realms, enhancing collaboration, and fostering economic growth within the country.

Fujitsu and Mitsubishi Take Strong Steps to the Metaverse with Ryugukoku

Fujitsu and Mitsubishi Join Forces for Ryugukoku Metaverse Project

In Japan, a collective initiative aimed at the metaverse has emerged, spearheaded by leading companies including Fujitsu and Mitsubishi. This initiative, known as the “Metaverse Economic Zone,” seeks to establish an open metaverse infrastructure across the nation.

Participants in this endeavor will merge their technological capabilities and services to lay the groundwork for Ryugukoku, a pioneering project in this space. Mizuho, a titan in the banking sector, has committed to developing infrastructure for “metaverse coins” within Ryugukoku. Moreover, Mitsubishi will enhance the project with its capacity for “Web3-type metaverse financial functions.” Additionally, Sompo Japan Insurance is set to focus on formulating insurance and risk management policies tailored to Web3.