With the increasing number of blockchain projects, it is more important than ever to unify and organize these firms. Newly-formed Japanese crypto firm Initiative Q has partnered with two other large companies in order to spearhead an association that will help develop standards for interconnectivity between virtual worlds.
The “future of cryptocurrency 2021” is a new association that has been formed by Japanese crypto firms. The goal of the association is to spearhead the development and implementation of a new metaverse.
Four of the most prominent virtual currency companies have teamed together to create the Japanese Metaverse Association. The organization aims to encourage metaverse technology advancements and exchange critical information with industry specialists all around the globe.”
FXcoin, a virtual currency trading platform, Ginco, Intelligence Unit, a crypto-asset investment solutions provider, and Coinbest, a digital asset management organization, formed the alliance.
Four cryptocurrency companies have teamed together to promote metaverse technology.
The Japanese Metaverse Association aims to support Metaverse progress in Japan by collecting essential information about the idea and sharing it with crypto specialists all over the globe.
“JMA will be the platform for providing information sharing and building synergy among organizations and people active in the business of metaverse,” according to the official post.
The group also wants to help Japan become one of the “leading” nations in terms of supporting metaverse technology as it develops. The group also seeks to benefit worldwide crypto enterprises by providing critical Metaverse knowledge and assisting them in improving the idea by providing key insights.
“Economic operations in the Metaverse are carried out by individuals and corporations, and people may communicate with each other via their avatars,” Tomoo Onishi, creator of the Japanese Metaverse Association and CEO of FXcoin, said on the official website. They may purchase, sell, and rent land, as well as construct structures and host events like live concerts and auctions. In other words, the Metaverse, like the actual world, offers a variety of economic prospects.
The group, which was established on December 7, 2021, will aggressively urge Japan to take leadership of the growing Metaverse business and support the nation in becoming a “gathering point” for worldwide crypto enterprises and organizations.
In Japan, the metaverse is gaining traction.
In Japan, the notion of the Metaverse is getting a lot of traction. HIKKY, a virtual reality firm located in Tokyo, has raised around $57 million to expand its metaverse activities.
Gensokishi Online, a renowned Japanese gaming platform, had previously announced the debut of its crypto metaverse Metaworld, which was followed by SoftBank investing $150 million in a South Korean metaverse company.
Posted in: Metaverse, Japan
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