The Japanese government is exploring the use of Web3 services, including NFTs and DAOs, to revitalize regions and promote the country's culture.
Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.
In response to questioning from Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishidathere were “various possibilities for using Web3” in Japan.
“If you consider DAOs, people who are interested in the same social issues can form a new community,” said Kishida. “NFTs can also be used to diversify the income of creators and maintain highly loyal fans.”
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