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Japanese City to Launch Metaverse Project with Entertainment Industry Behemoth

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Cryptonews

Wed, May 18, 2022

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Local Japanese government bodies are set to begin metaverse projects – and may make use of NFTs and avatars in a new virtual space.

Kobe Shimbun reported that a new virtual space for the city would open by the end of June this year and would be tentatively named “Virtual Yabu City.” The space may well evolve along the same lines as metaverse projects in other East Asian cities such as Seoul, which began working on its own metaverse project late last year .

I think people will be able to experience life of Yabu [in a virtual space] and want to come here on sightseeing tours.” Yoshimoto Kogyo further announced that it would be branching out into the “metaverse avatar business” with a platform named “FANY X.” The platform, it explained, will be used to create 3D avatars of the actors and singers who are contracted to the company – allowing Yoshimoto Kogyo artists to appear in promotional campaigns in various metaverse spaces.

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