Masaaki Taira, a lawmaker from Japan’s ruling Liberal Democratic Party and head of the Web3 project team, said at the NexTech Week trade show in Tokyo on Thursday that Japan has seen the future, and that is blockchain.
While other jurisdictions try to regulate a space that is not fully understood, Japan has a relatively good grasp of what we are trying to push, and global technology companies have taken notice.
Additionally, Japan’s experiments with stablecoins are bearing fruit, with the agency looking for ways to link public and private blockchains to improve scalability.
And Japan’s soft power in animation, manga, and games is very suitable for the Web3 field, especially in the field of NFT and Metaverse development, which are full of untapped potential value.