Japan is actively promoting Web3 as a national policy, creating a favorable environment for conducting Web3 businesses in the country. This includes tax reforms, accounting preparations, legal positioning of DAOs, recommendations for local governments to enter Web3 and adopt the metaverse, support for exchanges with overseas talents, and hosting Web3 events. Since 2017, Japan has required the registration of cryptocurrency exchange operators to ensure the safe management of user information and establish an environment of maximum protection and safety for users.
The regulatory clarity in Japan has paved the way for further Web3 innovation, allowing stablecoins backed by legal tender to be issued and enabling various companies, including existing financial institutions, to enter the Web3 space. Major corporations in Japan, such as NTT Docomo and Square Enix, have started developing their own Web3 projects, signaling the maturity of Japan’s Web3 ecosystem. Brilliant Crypto’s successful IEO on Coincheck, Japan’s largest CEX, is a testament to leveraging Web2 know-how to enter the Web3 gaming space successfully.
Monex Group, a diversified financial firm with over 20 years of history, has been actively embracing Web3 through its various subsidiaries and services related to crypto assets and blockchain. The company provides services such as the ‘MCB Web3 Newsletter,’ ‘MCB Research,’ the NFT project ‘OASIS,’ and the news app ‘Cheeese.’ Monex Group’s Web3 consulting business supports companies entering Web3 by offering services related to NFT planning, issuance, tokenomics consultation, community building, metaverse development, IEO support, and more.
The OASIS project, an innovative NFT community developed by Monex Group, has been instrumental in the company’s expertise in Web3. OASIS, which started in January 2023, focuses on creating opportunities for transformation and new encounters. The project issues and sells NFTs with almost no prior examples, attracting a large community of nearly 30,000 members. OASIS’s multi-metaverse approach allows for cross-utilization of various metaverses like The Sandbox, Decentraland, Fortnite, Cluster, and XANA, making it one of Japan’s largest communities.
Monex Group’s experience with the OASIS project has provided valuable insights that the company is leveraging to support other organizations entering the Japanese Web3 market. The company offers consulting services to help with Web3 community building, NFT planning, and more. Monex Group’s presence at major industry events, such as TOKEN2049 and NexTeck Week2024, showcases its Web3 expertise and services, making it a key player in Japan’s evolving Web3 ecosystem. If you are interested in expanding into the Japanese market, it would be wise to consider Monex Group’s offerings and expertise.
