2024

Prime

The Web3 Project

The international Web3 conference, WebX, commenced on August 28, 2024, organized by CoinPost Co., Ltd. and hosted by the WebX Executive Committee. This event unites key players from Japan and around the globe to explore the future of Web3 technologies. 
During the opening, Prime Minister Fumio Kishida delivered a video address highlighting his administration’s “New Capitalism” initiative. He emphasized the importance of addressing social challenges as a catalyst for economic growth, positioning Web3 and blockchain technology as essential tools for tackling these issues. 
Kishida commended the significant strides made by the private sector, particularly the transformation efforts of major companies over the past year. In response, he noted that the government has enacted specific measures, including tax and legal reforms, to support fundraising for Web3 startups. 
Looking ahead, the Basic Policy for Economic and Fiscal Management and Reform 2024 reaffirms the government’s commitment to creating a supportive environment for Web3-related tokens, enhancing payment systems, and revitalizing the content industry, all while ensuring user protection. 
In his remarks, Kishida expressed optimism that WebX would foster innovations aimed at resolving social issues. The Web3 Project Team, established by the Liberal Democratic Party’s Digital Society Promotion Headquarters in January 2022, views Web 3.0 as a critical frontier in the digital economy and advocates for integrating NFTs into Japan’s national strategy. 
In line with these recommendations, the Japanese government approved a growth strategy in June 2022 to cultivate a favorable environment for Web 3.0 development, underscoring its importance in the nation’s economic future.

Prime Minister Kishida Highlights Web3 as Key to Economic Growth at WebX Conference

CoinstelegramEng

Other articles published on Aug 28, 2024

Could the SEC Appeal the Ripple Victory? XRP Expert Weighs In

Cryptocurrency Markets Face Decline

Sony Launches Soneium Minato Testnet Pioneering Decentralized Future

Crypto investment frauds cause $122 million loss for Australian citizens

Argentina’s Buenos Aires to Launch Ethereum Curriculum for High School Students

XRP vs SOL vs this new crypto: race for the top crypto to mint millionaires in 2024

Join our free newsletter for daily crypto updates!