Web3 Is Part of the New Form of Capitalism

Global Web3 Summit in Tokyo on July 21, 2023:

Japan PM’s Fumio Kishida: Web3 Is Part of the New Form of Capitalism
In his keynote, Kishida emphasized the importance of Web3 in driving innovation and economic growth. He also said Japan is ready to become one of the leading countries in Web3 development.

Kishida has said that Web3 has the potential to revolutionize the way we interact with the internet. He thinks Web3 will allow users to have more control over their data and assets. This will lead to a fairer and more decentralized internet system.

Kishida also said that Web3 can create many new economic opportunities. He said Japan will invest in Web3 research and development and will create a favorable environment for Web3 startups.

Kishida ended his speech by calling for international cooperation to develop Web3. He said that Web3 is an important technology for the future and that all countries should work together to ensure that it is developed responsibly and sustainably.

Here are some other key takeaways from Prime Minister Kishida’s speech:

Web3 has the potential to revolutionize the way we interact with the internet.
Web3 will allow users to have more control over their data and assets.
Web3 can create many new economic opportunities.

Japan will invest in Web3 research and development and will create an enabling environment for Web3 startups.
International should cooperate to develop Web3.
Prime Minister Kishida’s speech received a positive response from the Web3 community. Many believe this speech is a sign that Japan is seriously investing in Web3. This could help Japan become one of the leading countries in Web3 development.