Japan Reveals Plans to Accelerate NFT, Metaverse Investments

Shares

The Prime Minister of Japan, Fumio Kishida, has reiterated his government's plans to invest in Web 3.0 technology. In his "State of the Union" address this week before Japan's National Diet, Kishida stated that expanding the use of Web 3.0 services that utilize metaverse and non-fungible token (NFT) innovations is part of the government's digital transformation plans.

The prime minister also highlighted in the policy speech that Japan is already implementing several initiatives in this direction — including issuing NFTs to local authorities that are using digital technology to solve challenges in their jurisdictions. He said: 

We will focus on supporting the social implementation of digital technology. We will also promote efforts to expand the use of Web 3.0 services that utilize Metaverse and NFT.

The Japanese government took its first steps to promote Web 3.0 technology back in July when it established the Web 3.0 Policy Office under the Ministry of Economy Trade and Industry (METI) minister's secretariat. The office will bring together all government departments responsible for making and enforcing policies related to the nascent metaverse technology.


Read more on U.Today https://u.today/breaking-japan-reveals-plans-to-accelerate-nft-metaverse-investments

Shares

Related Articles

Utoday: EthereumPoW (ETHW) Community Targeted by Twitter Scam

EthereumPoW (ETHW) is the most popular of the post-Merge Ethereum (ETH) hard forks running on the proof-of-work (PoW) consensus. Now scammers are trying to benefit from its increasing popularity. Fake EthereumPoW (ETHW) accounts flooded Twitter According to a statement shared on EthereumPoW (ETHW) social media, a number of fake accounts and websites are impersonating the largest PoW […]

Binance Is Selling All FTX (FTT) Tokens

Utoday: Binance CEO Changpeng Zhao has confirmed rumors about the company’s decision to liquidate its FTT holdings amid speculation about Alameda’s financial health. Binance CEO Changpeng Zhao recently took to Twitter to announce that the company had decided to sell all of its FTX (FTT) tokens due to “recent revelations that came to light.”  The […]

Utoday: BTC and ETH Now Accepted by Canadian Search and Rescue Organization

For more cryptocurrencies news, check out the uToday portal. The British Columbia Search and Rescue Association (BCSARA), a non-profit volunteer-based organization that provides support for the un-paid professional ground search and rescue community, has announced that it now accepts donations in Bitcoin and Ethereum, the two largest cryptocurrencies. Crypto contributions will be accepted via CanadaHelps, the largest […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123
+