{"id":3423,"date":"2023-02-06T07:00:51","date_gmt":"2023-02-06T07:00:51","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/06\/japanese-prime-minister-sides-with-nfts-nft-plazas\/"},"modified":"2023-02-06T07:00:51","modified_gmt":"2023-02-06T07:00:51","slug":"japanese-prime-minister-sides-with-nfts-nft-plazas","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/06\/japanese-prime-minister-sides-with-nfts-nft-plazas\/","title":{"rendered":"Japanese Prime Minister Sides with NFTs – NFT Plazas"},"content":{"rendered":"

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In terms of blockchain adoption, Asia has certainly been leading the charge over the last few years, and this shows no signs of stopping. For example, Fumio Kishida<\/a>, the Prime Minister of Japan, has said that various blockchain applications such as NFTs and DAOs could be beneficial for the country.\u00a0<\/span>This was said in a meeting of Japan\u2019s House of Representatives on February 1, 2023.\u00a0<\/span><\/p>\n

What NFTs Can do for Japan<\/strong><\/h4>\n

Speaking to the house, Prime Minister Kishida said that blockchain has the potential to revitalize several aspects of Japan\u2019s private and public sectors and promote what he calls \u2018Cool Japan\u2019.\u00a0<\/span><\/p>\n

\u2018Cool Japan\u2019 is concerned with showcasing Japan\u2019s technological advancements to the rest of the world and the government believes that Web3 and blockchain tech can play a part in this.\u00a0<\/span><\/p>\n

\u201cIf you consider DAOs, people who are interested in the same social issues can form a new community. NFTs can also be used to diversify the income of creators and maintain highly loyal fans,\u201d Kashida says.<\/span><\/p>\n

\"Japanese<\/p>\n

This is not the only instance of the Japanese government taking a pro-NFT stance<\/a> as it just recently updated its NFT tax code and awarded NFTs to public servants for an outstanding performance last year.<\/span><\/p>\n

Want more? Connect with NFT Plazas<\/b><\/p>\n

Join the Weekly Newsletter
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*All investment\/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n

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\"tokoni-<\/div>\n
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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