Japan has a reputation as a country open to new technologies, and it would seem that this extends to blockchain. In a general policy speech held on Monday, Fumio Kishida indeed mentioned the metaverse and non-fungible tokens (NFTs) as development axes for his country.
Japan: the Prime Minister evokes the metaverse and NFTs
According to Fumio Kishida, the government of Japan wishes “promote the social implementation of digital technologiess”. With in particular blockchain technologies :
“We will promote initiatives to expand the use of Web 3.0 services who use the metaverse and NFTs.»
The ruling party has been showing signs of being very open to blockchain for the past few months. Last April, he published a “NFTs whitepaper”. The document believed that Web3 represented the new frontier of the digital economy.
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Japan’s Web3 strategy is headed by the Ministry of Economy. It seems that the country has decided to host private sector projects. Last July, the Central Bank of Japan abandoned its digital currency project (MNBC), judging that the system was already redundant compared to what the Japanese use.
Considering Web3 as a new frontier, Japan is advantageously placed to explore these new territories. It will therefore be necessary to monitor what is developing in the land of the rising sun.
👉 Also read – The Ministry of the Economy has requested access to the balance of all French bank accounts
Source: Office of the Prime Minister of Japan
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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