Japanese Prime Minister Announces Web 3.0 Plans For The Country
Coming in hot this week, the Binance Smart Chain hack is taking over the news, and it has been reported that over half a million dollars worth of BNB was carted away by the attacker. Binance is halting the Binance Smart Chain temporarily. Meanwhile, Japan is in the headline for its plan for the metaverse.
Japan Plans to Expand Into the Metaverse
This week Japanese PM Kishida announced the country’s plan to invest in the NFT industry as well as the metaverse. The country has a larger plan for digital transformation, which the government has been steadily promoting.
By introducing tax incentives for firms towing the digital line, the prime minister hopes to continue providing support for the expansion of the metaverse and Non-Fungible Tokens, as well as the social implementation of digital technology.
- Other exciting events for the week include the launching of “House of Sam” in Decentraland by the Latin America regional division of Samsung.
- Also, PKO Bank, the biggest bank in Central and Eastern Europe, is looking to become a regional leader in the metaverse for banking operations.
- With the new OpenSea policy, users can now list and buy NFTs in bulk, up to 30 items.
- Things are going well for Web 3.0 gaming, it seems, despite the economic downturn worldwide. A report by Dappradar shows that the Web 3.0 gaming industry raised $748M in August.
- The crypto index fund management company Bitwise is launching a new Web 3.0 ETF to track Bitwise Web3 Equities Index.
We know you were keen to hear more news, but this is all for this week! However, at this rhythm, next week will be even better. Stay tuned!
