Japan’s prime minister Fumio Kishida announced that the country will be expanding its investments in non-fungible tokens and metaverse tech, Forkast reported.
In a policy speech delivered on Monday, Kishida also said that Japan will be looking further into digital transformation and expanding the use of Web3 services, marking the nascent industry as a pillar for economic reform.
This is in line with Kishida’s pro-Web3 agenda, which recently led to rekindled interest from crypto major Binance.
Under Kishida’s administration, Japan has taken various steps toward digital transformation and Web3 integration, including setting up a Web3 policy promotion office to serve the country’s blockchain firms.
See also: Japanese gamemaker Akatsuki launches $20m fund to back Web3 projects in Asia
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
