Japan to invest in Metaverse & NFT Expansion
Japan to Invest in Metaverse and NFT Expansion . Japan’s Prime Minister Fumio Kishida plans for invest ment in digital transformation included issuing NFTs to local authorities using digital solutions. In an Oct. 3 speech before Japan’s National Diet, Kishida said the government’s invest ment in the country’s digital transformation already included issuing NFTs to local authorities using digital technology to solve challenges in their respective jurisdictions. He also hinted at digitizing national identity cards. the prime minister said the cabinet would promote efforts to expand the use of Web 3.0 services that utilize the metaverse and NFTs. In September, the Japanese government awarded NFTs to seven local mayors at the “Summer Digi Denkoshien 2022” ceremony who utilized digital technology to solve local challenges.Kishida’s government and METI formed a Web3 Policy Promotion Office in July to unify Web3-related ministries. The team gathers data from corporations and gov...