Fujitsu and Mitsubishi to launch a ‘metaverse economic zone’

The Fujitsu and Mitsubishi conglomerates have joined forces with banking giant Mizuho to create ‘the metaverse economic zone of Japan’.

According to the press release, the new Ryugukoku project is intended to organise open infrastructure, marketing and interaction among local companies.

The combined group intends to be guided by the concept from former Square Enix employee and JP Games CEO Hajime Tabata — ‘Improve Japan through games’.

A press conference with a fuller description of Ryugukoku is planned for early summer 2023. The team envisages rolling the project out to jurisdictions beyond Japan.

Back in February, Neal Stephenson, who coined the term ‘metaverse’, doubted the prospects of the technology until people decide to live in a digital world.

Earlier, Interpol Secretary-General Jürgen Stock announced the intention to take criminal activity in the metaverse under control.