Utilization of Web3 technology

Ten Japanese companies, including three megabanks and Fujitsu, announced on the 27th that they had signed a basic agreement to create a “Japan Metaverse Economic Zone.”

Consolidate the technologies and services of each company and build an open metaverse platform for companies, “Ryugutoku (provisional)”. Ryuguishi enables collaboration between metaverses within a platform and interoperability between different metaverse platforms. Ryugu Koku will also introduce Web3 technology.

Above is an image of Ryugu. User companies will use Ryugu Airlines to create new social infrastructure and realize corporate DX (digital transformation) such as information transmission, marketing, work style reform, and consumer EX (experience transformation). .

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The following 10 companies are participating in this basic agreement.

• JCB
• Mizuho Financial Group
• Sumitomo Mitsui Financial Group
• Mitsubishi UFJ Financial Group
• Resona Holdings
• Sompo Japan
• typography
• Fujitsu
• Mitsubishi Corporation
• TBT lab

Among the above companies, Mitsubishi UFJ, Sompo Japan, and Fujitsu are working on Web3. The contents are as stated below.

• Mitsubishi UFJ: Providing Web3 type metaverse financial functions
• Sompo Japan: Risk Analysis and Insurance Development in the Web3 Era
• Fujitsu: Providing Web3-related technologies such as digital data copyright management

The background to this agreement is the rapid increase in demand for DX that utilizes the virtual domain among companies and government agencies. As for future plans, we plan to hold a media presentation in the summer of 2023. We plan to widely recruit companies that agree with this concept and expand the economic zone. Encourage companies entering the Metaverse business to use Ryugu Airlines to improve efficiency and convenience for operators and users.

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What is Ryugu Country?

Ryugu Kingdom is built using the Metaverse framework “PEGASUS WORLD KIT” developed by JP GAMES of the TBT Lab group. Ryugu Kingdom is a platform for enterprises, but it has a fantasy world view and incorporates elements of online otherworld role-playing games (RPGs).

You can enjoy encounters with various contents and services as if you were traveling to another world in an RPG.

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In addition, he explained that the above 10 companies are working together to ensure safe use of personal authentication, various payments, data infrastructure, insurance, etc. The Japan Metaverse economic zone is not limited to Japan, but is expanding globally. Mind.

One of the points that is attracting attention in the field of crypto assets (virtual currency) and blockchain is that there is “MULTI MAGIC PASSPORT (MMP)” among the solutions to be introduced. MMP is an ID card with a payment function that allows users to move freely in the Metaverse. In addition to ID authentication and payment methods, you can spend your time in the Metaverse by registering useful information such as NFTs (Non-Fungible Tokens). Virtual world. can.

Source: Official announcement

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The 10 companies participating this time will support industrial DX initiatives that utilize game technology, based on the concept of “updating Japan with the power of games” by Hajime Tabata, a Web 3.0 advisor at a digital agency. Mr. Tabata is the founder of JP GAMES and has a history of serving as the director of “Final Fantasy” at Square Enix in the past.