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Japan’s Web3 Era

Japan’s been a little behind in the Web3 space, but their new Metaverse Economic Zone could be a game changer.

Welcome to The Daily Forkast – March 15, 2023 – presented by Joel Flynn.

Japan’s hardware innovations and creativity are known across the world. Brands like Sony, Nintendo, and Bandai Namco were all born in Japan. Even in the early days of crypto, Japan emerged as a market leader. Satoshi Nakamoto, the person behind Bitcoin, is thought by some to be associated with the country, and early crypto projects like Mt. Gox were based there too.

However, they’ve been a little behind the curve in 2023. A Chainalysis report places Japan as 26th in the world in its latest global adoption index. This could all change with a newly announced Japanese Metaverse Economic Zone, where about ten companies agreed to build an open metaverse infrastructure called “Ryugukoku”.

Join us as we take a deeper dive into Japan’s plans for expanding into the Web3 space in this episode of The Daily Forkast.