NTT Docomo Aims to Accelerate Adoption of Web3 Technologies in Japan
NTT Docomo, which is partially owned by the Japanese state, is aiming to accelerate the adoption of Web3 technologies in Japan.
The consortium will allow individuals and corporations to use tokens for governance, which will help to accelerate the implementation of Web3 in Japan. This is a great partnership between two major players that will help to bring blockchain technology to the mainstream in Japan.
Astar Network CEO Sota Watanabe said the project’s mission is to bring Web3 out of a narrow tech-savvy circle to the general public. Watanabe believes that the project can help the general public become more familiar with the benefits of the decentralized web, and that this will ultimately lead to wider adoption of the technology.
“In this context, more robust cases with excellent user experience on an infrastructure that is accessible to everyone is essential. It is about making a society where more people can truly enjoy the benefits of Web3, not just engineers.”
As Japan continues to show a growing interest in Web3, crypto and decentralized finance (DeFi), the country is positioning itself to be a leader in the space. With the launch of a research decentralized autonomous organization (DAO) by The Digital Agency of Japan, and the partnership between Fukuoka and Aster Labs to develop new use cases for Web3 technologies, Japan is setting the stage to be a major player in the Web3 ecosystem.
While the country still has tough crypto regulations, its prime minister is quite vocal about the government's plans for major investment in Web3 and metaverse initiatives. The Japan Virtual and Crypto Assets Exchange Association has also promised to make it easier for authorized exchanges to list digital currencies by loosening the screening process. This is good news for those in the crypto industry, as it shows that the government is interested in investing in this space.