The Japanese government has unveiled a plan to integrate new digital technologies into its communities, including the Metaverse and NFTs.
During a speech to the Japanese Parliament, Prime Minister Fumio Kishida has reported on the country's plans to promote new projects and initiatives related to the Metaverse and NFTs in order to expand the use of digital technologies to its communities, accelerate its digital transformation and offer new services focused on Web3.
According to Kishida, Japan is placing emphasis on promoting and integrate new technologies and next-generation innovations at a social level to improve the quality of life of its citizens, boost the economy and innovation, and remain a competitive country and a benchmark in the new digital era.
The Prime Minister of Japan commented on the award ceremony of the "Summer Digi-den Koshien", the national summer championship focused on building a digital garden city, held in early September.
At the award ceremony, attended by Prime Minister Kishida, five organizations were selected along with their respective proposals for the application of new digital technologies. The Japanese Prime Minister assured that the government would extend these initiatives throughout the country to boost its digital transformation.
In addition, Prime Minister Kishida also announced the holding of the “Winter DigiTa Koshien,” which will be an event to recognize the efforts of private companies to accelerate Japan’s digital transformation and to integrate new technologies into society.
Driving Japan's digital transformation
Although Japan has strict regulations on the crypto industry, the country has been pushing new policies to become a global technological leader.
At the end of September, Japan announced that it will be implementing new regulations next year to ensure compliance with AML regulations in the crypto industry, mitigating the risk of money laundering and ensuring transparency in the sector.
Also, in July of this year, the country opened the first policy office dedicated to Web3, the first nation in the world to open such a government office. The office, which is part of Japan’s Ministry of Economy, Trade and Industry (METI), will focus on formulating new policies and regulations that will enable the country to explore and adopt new technologies in a responsible and user-friendly manner.
One of the key objectives outlined by the Japanese ministry in relation to this office is to create work spaces that respond to technological changes and that stop the exodus of professionals and entrepreneurs who want to explore the opportunities of the new generation of the Internet, Web3.
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