Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express.
Our weekly roundup of news from Asia curates the industrys most important developments.
Research and consulting firm Yuri Group estimates that Japan can inject about $10 billion a year into its economy if even 10% of the nations 1.5 million hikikomori re-engage in the workforce via the metaverse.
Hikikomori is a Japanese word for individuals who seek extreme isolation by staying home and withdrawing from social life. Its a complex social problem that has reduced the nations workforce while damaging the mental and physical health of those living reclusive lives.
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Author: Yohan Yun
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