3 months ago 1 min read

Insurance Behemoth Tokio Marine has Started Entering Metaverse

tokio marine-virtual akiba world-akihabara-metaverse-web3-mitsubushi-animoca-NTT Docomo

Yomiuri Shimbun sources claim that interested users will be able to interact with the clerks to learn more about each of the services being offered, send and complete paperwork, and even sign contracts in the metaverse.

The company will allow users to enroll in a flying car course in the metaverse in order to better understand the driving habits of its clients and familiarize them with the advantages that insurance might provide to specific drivers.

Tokio Marine will further provide these services on Virtual Akiba World, a metaverse platform designed as a virtual reproduction of the well-known Japanese station and city of Akihabara.

Companies from Asia and Japan were among the industry pioneers in the metaverse, investing extensively in the development of virtual technology aimed at this developing market.

One of these companies is Mitsubishi UFJ Financial Group (MUFG), the largest bank in the country, which has already said it will start offering financial services in the metaverse by 2023. A part of the Web3 investment firm called Animoca Brands Japan has received a $45 million donation from MUFG and Animoca Brands.

Leading Japanese telecom company NTT Docomo stated in November that it would invest in and launch its own metaverse branch. In its Q2/2022 financial report, the corporation detailed its aim to invest 500–600 billion yen in Web3 over the course of the following five to six years.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.