In a move demonstrating Japan’s commitment to Web3, Japanese Prime Minister Fumio Kishida stated the government is actively working to enhance and promote Web3, aligning with his administration’s larger vision of a “new capitalism.

As per a report by CoinPost, during its WebX Asia conference on July 25, Prime Minister Kishida shared insights via a video message touching on the transformative potential of Web3.

He articulated how Web3 can disrupt the traditional Internet framework, stimulate social transformation and inspire fresh ideas and projects. Reflecting on his upbeat sentiment, he said,

“I hope that the Web3 industry will regain its attention and vitality and that various new projects will be born.”

Before Prime Minister Kishida, Koichi Hagiuda, the chairman of the Liberal …