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Four leading virtual currency companies have teamed up to form the Japan Metaverse Association. The association is committed to advancing technological developments in metadata and sharing critical information with industry experts around the world.
The association was created by the virtual currency trading platform FXcoin, the creator of the Ginco crypto wallets, the Intelligence Unit, the crypto asset investment solution generator, and the digital asset management company Coinbest.
Four Cryptocurrency Firms Team Up To Promote Metaverse Technology
The Japan Metaverse Association is committed to promoting metadata in the country by collecting up-to-date information about the concept and sharing it with crypto experts around the world.
According to the official announcement, “JMA will become a platform to serve the exchange of information and create synergies between companies and individuals involved in the metaverse business.”
The association also aims to help Japan become one of the “leading” countries actively supporting the emerging metaverse technology. The Association also intends to serve global crypto organizations by providing critical information related to the virtual universe and helping them improve the concept by providing key insights.
Tomoo Onishi, founder of the Japan Metaverse Association and CEO of FXcoin, wrote on the official website: “Economic activity in the metaverse is carried out by people and companies, the participants of the world can interact with each other through their avatars. They can buy, sell and lease land, as well as build buildings and events such as live concerts and auctions In other words, there are various business opportunities in the virtual as well as in the real world.
The association, founded on December 7, 2021, will actively encourage Japan to take responsibility for the development of a conditional industry and help the country become a “gathering point” of information for global crypto companies and organizations.
The metaverse is gaining traction in Japan
The concept of a “fictional world” is gaining immense popularity in Japan. Recently, the Tokyo-based virtual reality company HIKKY raised about $ 57 million to expand its own metaverse.
Another leading Japanese gaming platform, Gensokishi Online, previously announced the launch of its virtual world, Metaworld, after which Japanese tech giant SoftBank invested $ 150 million in a South Korean augmented reality venture.
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