You are currently viewing 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.

Read more