Tuesday, September 9, 2025

Japanese Government To Invest In Metaverse, NFT Expansion

Japan’s Prime Minister Fumio Kishida said in a policy speech to the country’s parliament on Tuesday that plans to increase investments in the country’s digital transformation will include the metaverse and NFTs.

Kishida said that Japan will continue to “focus on supporting the social implementation of digital technology,” as well as “promote efforts to expand the use of Web3 services that utilize the metaverse and NFTs.”

His administration has been actively making steps towards incorporating Web3 into its processes even before this announcement. In April, Kishida’s Liberal Democratic Party, through a task force led by MP Akihisa Shiozaki, released an NFT white paper that outlined the plans for Japan’s NFT strategy and called Web3 “the new frontier of the digital economy.” 

And then in July, Kishida’s administration and the Ministry of Economy, Trade, and Industry (METI) established the Web3 Policy Promotion Office. The team is tasked to gather data from businesses across industries to develop Web3-related projects supported by relevant ministries and agencies.

In September at the ‘Summer Digi Denkoshien 2022,’ they recognized local authorities who used digital technology to solve local challenges by rewarding them with NFTs.


Information for this briefing was found via the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

Related News

Nuclear Reactor Near Fukushima Resumes Operations After 13-Year Hiatus

A nuclear reactor that withstood the devastating 2011 earthquake and tsunami resumed operations Tuesday, marking...

Wednesday, October 30, 2024, 02:52:00 PM

Microsoft’s Internet Explorer Shutdown Leaves Japanese Businesses In The Lurch

Microsoft Corp. (NASDAQ: MSFT) on Wednesday retired its web browser, Internet Explorer, causing a bit...

Friday, June 17, 2022, 02:00:00 PM

Japanese Power Stocks Rally After Gov’t Reopens Nuclear Discussion

Many Japanese power companies spiked on Monday following Prime Minister Fumio Kishida’s announcement that the...

Monday, April 11, 2022, 02:56:00 PM

Meta Expects More Losses From Metaverse As Q3 2022 Financials Record Declines

Meta Platforms (Nasdaq: META) reported its Q3 2022 financials which continued the trend of year-on-year...

Friday, October 28, 2022, 04:02:00 PM

Hotels To Start Using NFTs To Avoid Losses From Cancellations

Just when you thought post-pandemic travel couldn’t be more problematic, some hotels will soon be...

Tuesday, May 24, 2022, 04:48:00 PM