Japan’s Prime Minister Fumio Kishida has reiterated his government’s plans to invest in Web 3.0 technology. In its “State of the Union” In his speech to the National Diet of Japan this week, Kishida stated that expanding the use of Web 3.0 services using metaverse innovations and non-fungible tokens (NFTs) is part of the government’s digital transformation plans.

The prime minister also highlighted in the policy speech that Japan is already implementing various initiatives in this direction, including issuing NFTs to local authorities that are using digital technology to solve challenges in their…