Many major Japanese technology, manufacturing, and financial firms are collaborating to build the infrastructure for an open metaverse in order to advance the country’s Web3 strategy.

On 27 February, IT services company Fujitsu announced in a press release that it was working with nine other companies, including automobile manufacturer Mitsubishi and global bank Mizuho, to develop Ryugukoku, an interoperable metaverse structure that will expand the “Japan Metaverse Economic Zone.”

The press release mentioned that the metaverse alliance aims to help build the framework for corporations to tap into Web3 marketing, work reform, and consumer experience initiatives. Ryugukoku will function as a virtual world that connects users to various Web3 services developed by businesses and government agencies.