Major Japanese company to announce metaverse project

According to the Prime Minister from Japana large company will unveil a important project focused metaverse.

This Tuesday, at the WebX in Tokyo, on Prime Minister of JapanFumio Kishida, declared that the policy included measures to improve the environment Web3 while protecting consumers.

The executive added that he considered Web3 to be part of a ” new form of capitalism “, referring to his policy on digital transformation.

I’ve heard that a major Japanese company will seize this opportunity to announce to the world a big, ambitious project that aims to create a valuable economic system in the metaverse,” Kishida said.

According to the Minister, the Web3 has the potential to lead to social change and transform the conventional framework of the Internet, reported local crypto publication Coinpost.

WebX開幕 岸田文雄 内閣総理大臣がビデオ登壇｜WebXカンファレンスhttps://t.co/eO5SwBgrQp

– CoinPost 仮想通貨メディア【WebX 7月開催】 (@coin_post) July 25, 2023

Earlier this year, several Japanese giants, including JCB, Mizuho, Mitsubishi UFJ, and Fujitsu, announced plans to build an interoperable metaverse infrastructure to provide a “metaverse economic zone” in the archipelago.

Although the Japan has begun to relax some of the rules surrounding digital assets like Bitcoin, the country’s regulations in this area remain fairly strict today.

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