Several tech companies have agreed to develop a Japan Metaverse Economic Zone. According to a report, the agreement includes the participation of tech firms like blockchain firm LayerX, and video game developer DoubleJump.Tokyo, and virtual reality content provider Gugenka.
The project aims to create a metaverse, a virtual universe that combines various elements of reality and fiction. The project will focus on developing a digital economy and offering various services within the virtual world, such as education, healthcare, and entertainment.
The initiative is part of Japan’s larger plan to promote technological innovation and transform the country’s economy. Japan’s Prime Minister, Fumio Kishida, has previously stated his government’s intention to make the country a global leader in the field of digital innovation.
The project will be divided into several phases, with the first phase scheduled to begin in April 2023. The first phase will involve developing the technological infrastructure required to create the virtual world, including blockchain technology, virtual reality, and 5G networks.
The second phase, set to commence in 2024, will focus on creating the virtual world itself. The virtual world will be built using open-source software and will be designed to be accessible to everyone.
According to the agreement, the project will be jointly financed by the participating companies, with the Japanese government providing support in the form of tax incentives and other benefits.
The Japan Metaverse Economic Zone initiative represents a significant step towards the development of a virtual economy, which has the potential to revolutionize the way people work, play, and interact. The project will also provide a unique opportunity for tech companies to collaborate and create new business opportunities in the emerging field of metaverse technology.
