A future 3.0 – Japanese Prime Minister Fumio Kishida confirms the government’s position in favor of web3. It specifically supports projects powered by non-fungible tokens (NFT) and metaverses.
He is leading the suit in favor of web3. On October 3, during his general policy address to the National Diet, Japan’s parliament, the prime minister spoke Fumi Kishidaannounced that his government intended to raise investments in web services3and especially in those relating to NFT and to other way around.
From 2021, when he took office as head of government, Fumio Kishida considered web3 as one of the pillars to revive the Japanese economy. His recent speech to the National Diet thus confirms his government’s desire tofuture of the country by using it digital technologiesand through web3 player support.
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Web3: government initiatives are going crescendo
In April this year, the Japanese Prime Minister’s Liberal Party issued a ” NFT white paper The document highlights the importance of the country’s wealth in intellectual property, and more specifically in animation and games.
The white paper presents the Japanese strategy for web3. It also includes the Liberal Party’s recommendations to protect users and promote a national strategy for the industry.
Three months later, in July, the web3 related departments were integrated into the Ministry of Economy, Industry and Trade. This integration occurred after the launch of the Web3 Policy Advocacy Office. It is an initiative of the administration of Fumio Kishida and the ministry.
The following month, in September, the Japanese government issued NFTs in front of reward the work of Local authorities who use digital technology to address challenges in their respective jurisdictions. The Prime Minister was present at the award ceremony for seven mayors, during the ceremony “ Summer Digi Denkoshien 2022 “.
Japan’s entertainment dynamism coupled with the support of its government would therefore put Japan on track to become a fertile soil on the emergence and growth of various projects in the web3 and in the metaverses. Initiatives such as those of the University of Tokyo which offers distance education in and about metaversesshould therefore multiply in the country.
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