Japanese Prime Minister Fumio Kishida Pledges Unwavering Support for Web3 Innovation at WebX Asia Conference - Investor Bites

Japanese Prime Minister Fumio Kishida Pledges Unwavering Support for Web3 Innovation at WebX Asia Conference – Investor Bites

Time Stamp: July 25, 2023 7:42 AM
Source Node: 2785612

SNEAK PEEK

  • Japanese Prime Minister Fumio Kishida is championing Web3 and a “new capitalism” vision.
  • WebX Asia conference witnessed Kishida passionately advocating for the transformative potential of Web3.
  • Koichi Hagiuda, chairman of the Liberal Democratic Party’s Policy Research Council, pledged staunch support for Web3-focused startups.

Japanese Prime Minister Fumio Kishida champions Web3 in a groundbreaking move that signals Japan’s unwavering dedication to the future of digital innovation and a “new capitalism” vision.

At the WebX Asia conference on July 25, Kishida electrified the audience with his video message, passionately advocating for the transformative potential of Web3 to revolutionize the internet landscape, usher in social change, and spark a wave of innovative projects.

In a riveting speech preceding the Prime Minister’s message, Koichi Hagiuda, the chairman of the Liberal Democratic Party’s Policy Research Council, pledged staunch support for Web3-focused startups.

Hagiuda emphasized the global significance of two pioneering projects led by the Ministry of Economy, Trade, and Industry, named “Start Next Innovator” and “J-StarX.” These projects aim to link Japanese entrepreneurs and students with innovation hubs worldwide, strategically fostering collaboration with countries like the United States, France, and Singapore.

Evidently, Japan has taken decisive action to cultivate a thriving Web3 ecosystem, evident in the implementation of robust regulatory measures that prioritize individual safety. The successful synergy between the government, political spheres, and private sector in advancing Web3 received high praise from Hagiuda, who stressed the importance of extending this network to international entities.

The fervent support exhibited by the Japanese government at the WebX conference forecasts an exciting future for the digital economy. Prime Minister Kishida’s call for the revival of the Web3 industry and the birth of innovative projects reflects the nation’s determination to lead technological innovation on the global stage. This commitment is set to significantly impact Japan’s economic landscape and reaffirm its position as a cutting-edge force in the world of digital advancement.

Moreover, the Japanese government’s proactive approach to encouraging Web3 startups through “Start Next Innovator” and “J-StarX” projects exemplifies its dedication to nurturing talent and fostering international collaborations, paving the way for a more connected and vibrant digital future.

Hence, as the world looks on, Japan’s Web3 commitment promises to usher in a new era of technological prowess and innovation that will leave a lasting impact on the global stage.

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