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- Web3 is strongly supported by the Japanese Government as the future of the country.
- NexTechWeek 2023, held in Tokyo, Japan from May 10 to 12 this month.
- ‘Feel-good’ ideology backed with Pegasus World Kit lets Avatar get into action.
- 1 Web3 is strongly supported by the Japanese Government as the future of the country.
- 2 NexTechWeek 2023, held in Tokyo, Japan from May 10 to 12 this month.
- 3 ‘Feel-good’ ideology backed with Pegasus World Kit lets Avatar get into action.
Web3 and its strategies have taken all the brain space of Japan’s Prime Minister, Fumio Kishida. The government of Japan comes up as the strong support pillar of Web3. AI, DX human resource development, Quantum computing, and blockchain are the key pointers of NexTech Week dated from May 10 to 12 in 2023. Big companies like Fujitsu and Mitsubishi are backing it with its upgrades. Government Heads believe Web3 is the country’s future. The Japanese government appears to think differently than what others think.
Auto-Learning Avatars will be a core of this space series. It will gather user information to deliver a customized and ‘feel-good’ metaverse experience. Moreover, these game-based experiences will be backed by the Pegasus World Kit. This kit would have everything to enable that avatar to be your own kind. The Japanese consortium will build a metaverse economic zone where avatars can authorize digital payments to ease out recognition and payment methods while encouraging coaction in the metaverse space through Multi-Magic Passport (MMP).
Japanese Metaverse
JP Games in alliance with JCB and Soramitsu will build the ‘ Pegasus World Kit’ by taking Epic Games’ Unreal Engine in use. The Press Release held on Feb 27, 2023, elaborated on the Japanese Metaverse Economic Zone. The project is in the initial stages and yet has a long way to go. The Japanese Government released ‘White papers’ in April proving its support for Web3 in particular that includes crypto majorly. It is a hot topic in the Japanese market currently.
On Monday, Masaaki Taira, at NeXTech Week (NTW) trade show, in Tokyo, put up a presentation on national strategies for the upcoming technologies to present to everybody. Beguiling other jurisdictions’ probabilities to regulate a volume that is not yet fully acknowledged. Japan already is acquisitive to the roots of this establishment. Taira is a lawmaker from the Liberal Democratic Party ruling. He also heads the Web 3.0 project team.
Brands including Meta, Microsoft, Amazon, and many more with executives from Apple have visited Japan, recently. This gathering will turn up to be a common ground for each one of them to get along. It will let everybody to be available to read and go through Japanese white paper. Coming week awaits the grand show to witness the celebration of all things counting in blockchain and Artificial Intelligence.
A Glance of NTW-2023, Tokyo
Dates of May 10 to 12 were undertaken for this occasion at the Tokyo Big Sight, Japan. A perspective to transforming the world was NTW’s point of convergence. DX Human Resource Development, blockchain, Artificial Intelligence, and Quantum Computing were the major pointers of this gathering. Around 300 mentors and exhibitors participated from around the world.
Apart from them, there were industries from different backgrounds including manufacturing retails, logistics, finance, medics, and more. It opened ways for them to get connected with experts and specialists. They attended keynote speeches and panel discussions from notable industry tycoons. Also, they brainstormed with live technical counselors and experienced product demonstrations.
Japanese Web3 Synopsis
Tokyo-born crypto exchange bitFlyer Inc.’s CEO and founder, Yuzu Kano was clearly exasperated by Japan’s circumstantial loss of its instigator charm as an early crypto embracer. The experience brought the world of technology and humans all together with the scope of advancement and a better future ahead with the help of technology. The next NTW awaits where all will witness the updates and progress of Web3 and blockchain performances of 2023.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
