Blockchain-based non-fungible tokens (NFT) and decentralized autonomous organizations (DAOs) can help support Japan’s national strategy dubbed ‘Cool Japan’ to attract investment and expand the economy, Prime Minister Fumio Kishida said at the House of Representatives’ Budget Committee meeting on Wednesday. Kishida said NFTs, or digital assets comprising different art forms including video, will help creators diversify their income and maintain a loyal fanbase. He was responding to questions by Masaaki Taira, a member of the Liberal Democratic Party and leader of the government’s Web3 task force, according to Cointelegraph. (forkast)
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Prime Minister Fumio Kishida Says NFTs and DAOs can Bolster ‘Cool Japan’ Strategy
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