TL;DR
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So in case you missed it, the Japanese government is all-in on Web3! Don’t believe us? Japanese Prime Minister Fumio Kishida just spoke at a Web3 conference!
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According to Kishida, “A major Japanese company will announce an ambitious large-scale project that will create a valuable economic zone in the metaverse.”
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Our guess is it’s Sony or Nintendo (most likely Sony, based on the patents it’s filed over the past year).
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Both companies have global audiences, so whoever builds it will likely benefit Web3 on a global scale.
Full story
This… this is a piece.
A piece. Based on an assumption. Made from a veiled comment.
But Christ, we hope it’s true!
Here’s our theory:
Either Sony or Nintendo is about to enter Web3 and build its own metaverse.
This is how we got here:
So in case you missed it, the Japanese government is all-in on Web3!
Don’t believe us? Japanese Prime Minister Fumio Kishida just spoke at a Web3 conference!
In his speech, he outlined how he sees Web3 as “part of the new form of capitalism”, planning to drive growth and wealth distribution in Japan by focusing on innovation, startups and digital transformation.
But the real bombshell was this:
According to Kishida…
“A major Japanese company will announce an ambitious large-scale project that will create a valuable economic zone in the metaverse.”
Outside of Sony and Nintendo – what company could that be?
(Okay, sure – there’s Sega, Konami, Square Enix, Bandai Namco, Capcom, and Game Freak…but let’s just have these, okay??)
Between the two, our money is on Sony (based on the patents it’s filed over the past year or so).
Here’s why this is exciting no matter who builds it:
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Most “big Japanese companies” have global audiences. So chances are that whatever Japan builds here will benefit Web3 on a global scale.
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Much Web3 technology is currently trying to exist outside of the established Web2 system.
This means that blockchain is not really being integrated into existing web platforms/services/sites, but being re-built as standalone products.
And that’s a problem.
Because driving adoption through projects starting from scratch is not nearly as effective as integrating blockchain into existing technology, with established user bases.
Are we connecting dots that don’t exist based on a comment made casually at a conference?
Yes. Yes we are.
But we don’t care (life is good, here in Fantasy Land).