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The Japanese government actively promotes Web3 as a national policy and creates a favorable environment for conducting Web3 businesses there. In an exclusive interview with CryptoSlate, Monex Group's Tsukada explains that this includes tax reform for digital asset management, accounting preparation, the legal status of DAOs, recommendations for local governments to enter Web3 and adopt the metaverse, support for Exchanges with foreign talents. and Web3 events.”
In addition, Japan has required cryptocurrency exchange operators to register since 2017 to “safely manage user information, advertisements and regulated solicitations, and create an environment where users can use services with maximum protection and safety.” make sure
This regulatory clarity has paved the way for further Web3 innovation, as Tsukada notes that in 2023, “the possibility of issuing stablecoins backed by legal tender will be made possible, allowing various companies, including existing financial institutions, to issue stablecoins. He gave the coins.”
Big Japanese companies are diving into Web 3
The favorable regulatory environment has encouraged large Japanese companies to enter the Web3 space. As Tsukada explains:
NTT Docomo, the largest telecommunications company, has started developing its own wallet and is working on creating a user-friendly web3 environment and rules. In the gaming industry, big companies like Square Enix are developing Web3 games using their IPs.
The arrival of these corporate giants is a sign of the maturity of Japan's Web3 ecosystem. Tsukada points to the success of Brilliant Crypto, which “did an IEO on Coincheck, our subsidiary and the largest CEX in Japan, which reached a record ¥33.3 billion.”
He says it's “a great example of using Web2 knowledge to successfully enter the Web3 gaming space.”
Monx Group: A diversified financial company that includes Web3
Monex Group, Inc. It is a financial holding company with more than 20 years of experience, which includes subsidiaries such as centralized cryptocurrency exchange Coincheck, crypto asset consulting companies, artificial intelligence startups and securities companies.
As Tsukada explains:
Monx Group offers various services related to cryptoassets and blockchain, including the MCB Web3 newsletter and MCB Research, the NFT project OASIS, and the Cheeese news app, which rewards users with Bitcoin. Established in December 2017, we have especially focused on Web3 support services since last year, supporting the development of various services and the Japanese market.
Monx Group's Web3 Consulting Business: Leveraging Internal Expertise
In response to the growing demand for Web3 expertise in Japan, Monx Group has established a Web3 consulting business. As Tsukada explained:
“In the Web3 consulting business, we support companies entering the Web3 using the knowledge accumulated by Monex Group. We provide a wide range of support, from building and operating an NFT community to NFT planning, issuance, and toconomic consulting.
Monx has previously supported the “construction and operation of NFT projects for major Japanese auto manufacturers and local governments” and is currently “strengthening its support for overseas Web3 projects entering the Japanese market.”
Web3 consulting services of this company include:
- Web3 business research and planning
- Planning, issuing and selling NFT
- Community building/operations
- Metaverse development/collaboration
- IEO support/Tokenomics design
Tsukada notes that Monx's strengths in this area include its “ability to connect with a listed company,” its ability to “collaborate across the group” on various business developments, and “real-time feedback and insight from our community and Metaverse Services. It is used to build Web3 communities and market them.”
The OASIS Project: Monx's innovative NFT community
An important part of Monex's Web3 expertise comes from its internal project, OASIS. As the names explain:
OASIS is a digital community launched in January 2023 with the concept of creating opportunities for transformation and new encounters. It was built from scratch as part of a group of companies listed on Japan's highly regulated Web3 market. It is an innovative and challenging initiative that will issue and sell NFTs almost without precedent.
One of the unique aspects of OASIS is the “interoperability of different metawars”. Asami said:
“We are developing cities in the Web3 universe like The Sandbox and Decentraland. We also have worlds in Fortnite and Cluster, Japan's largest metaverse, and XANA, with plans to expand further.”
This multi-metaphorical approach has allowed OASIS to attract a large community of nearly 30,000 members, making it “one of Japan's largest”. Asami notes that the community “facilitates easy collaboration with many companies and projects” by discussing a “rich variety of topics” such as artificial intelligence and Japan's Vtuber culture.
Supporting companies entering Japan's Web3 market
Monx's experience with the OASIS project has provided valuable insights that the company is now using to support other organizations entering Japan's Web3 market.
As Tsukada explains:
Through the OASIS project, we gained extensive knowledge about community management and management of NFTs. We learned that many companies struggle with building a Web3 community through interactions with external organizations and overseas projects. Therefore, we thought we could support companies entering the Web3 space through consulting.
Monx's strengths in this regard include its “ability to connect with a listed company,” its ability to “collaborate across the group,” and access to “real-time feedback and insights from our community and Metaverse services, which are used to build Web3 communities.” And market them.”
The company has already “started building shared Web3 services with large domestic vehicles” and “collaborated with local governments in regional partnerships through Web3.”
Looking to the future: Monx Group's presence at upcoming Web3 events
Monx Group actively showcases its Web3 expertise and services at major industry events. The company held a side event called “Japan Crypto Fusion” at TOKEN2049 in Dubai, which attracted a large number of attendees despite being rescheduled due to record-breaking rainfall.
In addition, Monx Group plans to have a significant presence at the upcoming technology festival “NexTeck Week2024” in November in Tokyo, where the company is looking for partners to exhibit with.
As Japan's Web3 market continues to evolve, Monx Group's diverse financial services and innovative approach to community building and consulting have made it a key player in the country's growing ecosystem. If you are even slightly interested in expanding into the Japanese market, it would be wise to send an inquiry.
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Disclosure: This is a sponsored post. Readers should do more research before taking any action. Learn more ›
Coincheck Group BV, a planned holding company for Coincheck, Inc., a consolidated subsidiary of Monex Group, is to be listed on the NASDAQ this December through a merger with Thunder Bridge Capital Partners IV, a special purpose acquisition company (SPAC). to be Listed on NASDAQ in the United States.
https://www.monexgroup.jp/fa/news_release/irnews/auto_20241112520488/pdfFile.pdf
