Thursday, May 29, 2025

Latest

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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Starting ‘Em Young: Walmart Joins The Metaverse Through Roblox, Kids Can Buy ‘Verch’

Walmart (NYSE: WMT) is joining the metaverse with two immersive experiences on Roblox (NYSE: RBLX),...

Monday, September 26, 2022, 01:55:00 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

Japan Is About Done with YouTubers: Authorities to Investigate Foreigners Accused of Evading Train Fares and Stealing Hotel Food

A surge in disruptive behavior by YouTubers in Japan, including allegations of evading train fares...

Thursday, October 26, 2023, 03:44:00 PM

Tokens.com Buys Additional Decentraland Metaverse Real Estate For $0.7 Million

Tokens.com Corp (NEO: COIN) announced today its subsidiary, Metaverse Group, purchased additional virtual real estate...

Monday, February 14, 2022, 09:26:41 AM

Microsoft Unveils its own Version of Metaverse in Effort to Surpass Facebook in Virtual Reality Space

Tech company Microsoft (NASDAQ: MSFT) has decided to create its own version of a metaverse,...

Thursday, November 4, 2021, 02:50:00 PM