The ruling Liberal Democratic Party in Japan is issuing "Kishida Token" for its Youth Bureau in a first attempt at political representation using cryptocurrencies. They also plan on having a minister in charge for Web 3.0

Came across this interesting article of today, translating it to English for all to read:

The Liberal Democratic Party's Youth Division (Director of the Youth Division, Member of the House of Representatives Masanobu Ogura) announced on the 27th that it will hold a rally utilizing NFT (Non-Fungible Token) and Metaverse technology.

At the rally held on the 28th, tokens (digital attendance certificate / commemorative badge) with facial photographs of Prime Minister Kishida and former Environment Minister Shinjiro Koizumi will be distributed in a form that cannot be transferred or sold, and Metaverse will be distributed in early June. We are planning to give a street speech in (three-dimensional virtual space). "The Youth Bureau is an in-house venture. By working on new things, we should be a big first step in changing the way politics should be," Ogura said. Prime Minister Kishida also mentioned "Web3.0"

"We will realize a society where new services can be easily created, including environment improvement for promoting Web3.0 such as blockchain, NFT, and Metaverse" (May 5).

Next-generation Internet 3.0, which Prime Minister Kishida mentioned in the UK and the Diet, where he traveled abroad.

Web3.0 is a technology that records transactions in a different dimension from Web1.0, which is a one-way world using websites, and Web2.0, which enables two-way communication with apps and SNS. It is a world where technology is used to prove that it is "unique" that cannot be replaced by using the technology of blockchain. This makes it possible to identify the owner of a digital asset. "If you keep it as it is, you will definitely miss it."

NFT technology is attracting attention as a so-called detonator in the Web3.0 era.

NFT is an acronym for "Non-Fungible Token", and the point is that it cannot be replaced. For example, money and commercial products are "replaceable", but "original pictures" are "non-replaceable" and therefore have high value. Japan has a lot of content such as anime, games, and manga, so it has the potential to lead the world in the NFT business.

Earlier this year, international competition is rapidly expanding, with the United States and the United Kingdom announcing the formulation of national strategies one after another over the hegemony of the new digital economic zone in the Web3.0 era. US President Joe Biden signed a presidential decree ordering accelerated research and development of digital assets on March 9, and Britain also plans on April 4 for Finance Minister Glenn to make Britain a global hub. Announced.

In Nagata-cho, Japan, the Liberal Democratic Party's Digital Society Promotion Headquarters NFT Review PT, including a member of the House of Representatives Masaaki Taira, compiled the "NFT White Paper (draft)" at the end of March and made a proposal to Prime Minister Kishida at the end of April.

In the proposal, he pointed out that "the arrival of the Web3.0 (Web3) era is a big opportunity for Japan, but it will definitely miss it as it is now", and it is necessary to formulate a national strategy with an eye on the Web3.0 era. I'm looking for it. Furthermore, he recommended that a minister in charge of Web3.0 should be appointed to promote concrete economic policies and deepen cooperation with other countries.

https://news.yahoo.co.jp/articles/aec587c6661fc3e30d9dd9d0372815a2e554c40a