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Japan Plans to Boost its Web3 Strategy with the Creation of “Japan Meta Universe Economic Zone”

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It is reported that Mitsubishi, Fujitsu and other technology companies said that they would create the \”Japan Meta Universe Economic Zone\”, and jointly create …

Japan Plans to Boost its Web3 Strategy with the Creation of Japan Meta Universe Economic Zone

It is reported that Mitsubishi, Fujitsu and other technology companies said that they would create the “Japan Meta Universe Economic Zone”, and jointly create an open Meta Universe infrastructure to promote the country’s Web3 strategy. Japan has been trying to incorporate Web3 technology into its national agenda. In October, Japanese Prime Minister Shinsuke Kishi said that his country would invest in digital transformation services, including NFT and Metauniverse. （Coindesk）

Mitsubishi, Fujitsu and other science and technology companies will create the “Japanese Yuan Universe Economic Zone”

Interpretation of the news:


Japan is taking important steps towards realizing its vision of a Web3 future by investing in digital transformation services. Recently, several major technology companies in Japan, including Mitsubishi and Fujitsu, have announced their plans to create the “Japan Meta Universe Economic Zone”. This partnership aims to develop an open infrastructure to promote the country’s Web3 strategy effectively.

Web3 technology is a buzzword that represents the next generation of the Internet that is powered by peer-to-peer networks, decentralization, and blockchain technology. It provides a more secure, transparent, and democratic experience to users. Web3 technology promises to transform how we experience the Internet and enable new business models, including NFTs, Metauniverse, and more.

The “Japan Meta Universe Economic Zone” will serve as a sandbox for developing and testing new products and services powered by Web3 technology. This project aims to create a collaborative environment for businesses, entrepreneurs, investors, and researchers to connect and innovate on Web3 concepts.

Mitsubishi and Fujitsu are not the only technology companies that are fostering the development of Web3 in Japan. Other Japanese tech giants such as SoftBank, Rakuten, and Line are also investing heavily in this area. SoftBank, for example, has set up a “Global Web3 Fund” worth $100 million to invest in Web3-based startups.

The creation of the “Japan Meta Universe Economic Zone” will undoubtedly enhance Japan’s position in the global Web3 ecosystem. The project will showcase Japan’s exceptional technological expertise and its commitment to fostering innovation. Moreover, it will also create new opportunities for businesses to collaborate and develop cutting-edge solutions that have the potential to transform different sectors.

In conclusion, Japan’s investment in Web3 technology is a significant move towards realizing its vision of an open, transparent, and decentralized Internet. The “Japan Meta Universe Economic Zone” will be a major milestone in the country’s Web3 journey, and it will create new opportunities for businesses to tap into the potential of this new technology.

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