Japanese Gaming Giant Enters Metaverse

A blockchain industry leader is advocating for a crypto tax reform as the Japanese crypto ecosystem shows indications of traction and investment.

Images: Internet

Here's what happened in the Land of the Rising Crypto Sun recently.

Bandai Namco, the Japanese gaming, entertainment, and toy firm, has stated that it will invest USD 130 million in new metaverse activities, making it the latest heavyweight mega-corporation to shift its focus to virtual worlds. The company has declared metaverse development a "medium-term" "priority plan," according to CoinPost, and will use a number of its intellectual rights. Bandai and Namco, two of Japan's largest arcade and console gaming companies, merged to form Bandai Namco. Tekken, Pac-Man, Naruto, and Gundo are among the company's multi-million-selling gaming franchises.

Source: CryptoNews

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