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Shinnosuke Murata, founder of blockchain games developer Murasaki. He says a marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of leaving Japan behind even after the nonfungible token (NFT) and crypto “boom” of 2021, which prompted officials in the United States and Europe to backtrack on their initial antipathy for the space.
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Japan’s regulators are right. This is a just a another of way of separating the public from its (real) money. Cryptocurrencies, IoT, 5G, “the Metaverse” (LOL) and others are turning out to be either a big disappointment or just a lot of hot air.
The widespread My Number skepticism and failures aren’t helping win over folks to digitalization, either.
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