Japan’s Support for Web3: Fostering Innovation and Growth

Prime Minister Kishida expressed his enthusiasm for the concept of “new capitalism” during his speech, highlighting the crucial role of Web3 in this transformative era. He emphasized that tackling social issues would be the driving force behind growth. Web3 holds tremendous potential to revolutionize the conventional Internet structure and trigger profound societal transformations. Recognizing the immense power of this emerging technology, Prime Minister Kishida and his administration are dedicated to creating a supportive environment that fosters the advancement of Web3 and explores its diverse possibilities.

Prime Minister Kishida showed great enthusiasm, urging major Japanese corporations to take advantage of the WebX conference as a platform to reveal their ambitious projects. These initiatives aim to create a valuable economic zone within a diverse space, potentially leading to both economic growth and an enhanced global presence for Japan in the dynamic digital landscape.

The Web3 industry is poised to reclaim its position as a pioneering force in innovation, attracting renewed attention and energy. With the Japanese government actively supporting the growth of this revolutionary sector, the stage is set for a multitude of novel and ambitious projects to materialize and flourish.

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