Japanese crypto firms join forces to spearhead a new metaverse association Japanese crypto firms join forces to spearhead a new metaverse association
The association aims to promote the emerging metaverse technology in Japan by disseminating essential information both inside and outside of the region.
2 min read
Updated: Dec. 8, 2021 at 2:32 pm UTC
Photo by Cash Macanaya on Unsplash
Four leading virtual currency firms have joined hands to form a Japanese Metaverse association. The association seeks to promote metaverse tech developments and share essential information with industry experts throughout the world.”
The association was established by virtual currency trading platform FXcoin, crypto wallet provider Ginco, crypto-asset investment solutions provider Intelligence Unit, and digital asset management firm Coinbest.ย
Four crypto firms join hands to promote metaverse technologyย
The Japanese metaverse association seeks to promote the advancement of Metaverse in the country by gathering relevant information about the concept of Metaverse and sharing it with crypto experts throughout the world.ย
As per the official post, “JMA will be the platform for serving information exchange and creating synergy among companies and individuals involved in the business of metaverse.”
The association also aspires to assist Japan in becoming one of the “leading” countries that actively support the evolving metaverse technology. The association also intends to serve global crypto organizations by delivering crucial information related to Metaverse and helping them improve the concept by delivering core insights.ย
Tomoo Onishi, founder of the Japanese Metaverse Association and CEO of FXcoin wrote on the official website “Economic activities in the Metaverse are carried out by people and companies, and people can interact with each other through their avatars. They can buy, sell, and rent land, as well as build buildings and hold events such as live concerts and auctions. In other words, there are various business opportunities in the Metaverse, just like in the real world
The association, founded on 7th December 2021, will actively encourage Japan to take charge of the developing Metaverse industry and assist the country in becoming a “collection point” of information for global crypto companies and organizations
Metaverse gaining momentum in Japan
The concept of Metaverse has been gaining tremendous popularity in Japan. Recently a Tokyo-based virtual reality company HIKKY had managed to raise approximately $57 million to expand its metaverse operations.ย
Another leading Japanese gaming platform Gensokishi Online had earlier announced the launch of their crypto metaverse Metaworld, followed by Japanese tech giant SoftBank investing $150 million in a South Korean metaverse venture.ย
