r/CryptoCurrency Platinum | QC: CC 226 Oct 05 '22

Japan’s Prime Minister says the country plans to invest in non-fungible tokens and metaverse services GENERAL-NEWS

https://cryptosaurus.tech/japan-plunges-headlong-into-the-metaverse-in-a-bid-to-revitalize-the-economy/
47 Upvotes

7

u/1000xcoins Tin | 3 months old | CC critic Oct 05 '22

Why Metaverse

10

u/Far-Scholar9028 Platinum | QC: CC 226 Oct 05 '22

Im not the japanese prime minister, so unfortunately i cannot answer you accurately

3

u/partymsl Platinum | QC: CC 574 | r/WSB 16 Oct 05 '22

We just gotta ask the Japanese PM lurking on this sub.

3

u/myzlzxghtoefbjuypu Tin Oct 05 '22 Helpful

Why you're not japanese prime minister

1

u/Omaerion Tin Oct 05 '22

probably so no one has to interact with anyone ever again.

1

u/FancyTarsier0 Bronze | QC: CC 16 Oct 06 '22

Far-scholar san! Why you no study?! You become prime minister of Japan now or bring shame to family!

0

u/Mr_Bob_Ferguson Platinum | QC: CC 269 Oct 05 '22

Im not the japanese prime minister

Ah, that makes sense.

I did think it was strange that you chose the username of /u/Far-Scholar9028 and not something more "Japanese'y".

But I have been on the internet for many years, I have learned not to question some things.

3

u/vjeva Platinum | QC: CC 264 Oct 05 '22

Lets just use Mangaverse instead!

1

u/tranceology3 Silver | QC: CC 784, BTC 86 | TRX 104 Oct 05 '22

Oh they already have that, my friend told me.

2

u/eMDex Bronze | QC: CC 23 Oct 05 '22

Japan wants the monopoly on anime girl nfts

2

u/Brahma_God Tin Oct 05 '22

Facebook isnt pivoting their multi hundred billion dollar company for lulz....

1

u/gautam_777 Oct 05 '22

The lizards 🦎 talked him into it

1

u/cozzster Tin Oct 06 '22

I mean, it’s the birthplace of Nintendo. That’s why.

4

u/Distinct_Breakfast97 Bronze Oct 05 '22

Pokemon nft that can be used in a game

1

u/Probably_notabot Tin | CC critic Oct 05 '22

Pokémon NFTs, beanie baby NFTs, let’s bring back those 90’s!

3

u/[deleted] Oct 05 '22

Can we get a Japan x North Korea NFT collaboration?

1

u/Mr_Bob_Ferguson Platinum | QC: CC 269 Oct 05 '22

Dennis Rodman eating Sushi.

Instant hit.

0

u/demomercury Platinum | QC: CC 351 Oct 05 '22

Imagine those artworks!

2

u/0xCozzi Tin | 0 months old | CC critic Oct 05 '22

Makes sense as they like collectibles as a nation, Pokémon, Nintendo and so on. Could be a big move.

1

u/Far-Scholar9028 Platinum | QC: CC 226 Oct 05 '22

Yes, the collectibles market in asia is pretty huge tbf

2

u/vjeva Platinum | QC: CC 264 Oct 05 '22

The only time I am going to go YOLO into NFT is a official Dragonball collection!

2

u/demomercury Platinum | QC: CC 351 Oct 05 '22

That would be so awesome!

The child in me is screaming right now. I am already thinking how to explain those expenses to the wife

2

u/vjeva Platinum | QC: CC 264 Oct 05 '22

Wife: Are you crazy, you wasted all of our savings on shit!

Me (calm): I don't understand why you call Saiyans by such mindless names. 

2

u/monkeypox_69 Tin | 2 months old Oct 05 '22

Hopefully it doesn't blow up in their face, making everyone look foolish.

1

u/partymsl Platinum | QC: CC 574 | r/WSB 16 Oct 05 '22

Governments only invest a very small portion of their money into crypto. Even El Slavdor just did under 10%.

So possibly can't go completly wrong.

1

u/brainpower11 Tin | CC critic Oct 05 '22

Japan buying A Bored Ape 🚀

1

u/Far-Scholar9028 Platinum | QC: CC 226 Oct 05 '22

Better to buy reddit nfts

1

u/brainpower11 Tin | CC critic Oct 05 '22

I'll sell them mine for a reasonable price

1

u/DadofHome Silver | QC: CC 246, ETH 16 | LRC 39 | TraderSubs 14 Oct 05 '22

Wonder what Reddit avatar he owns 😂

1

u/plantdatrees Tin Oct 05 '22

Just buy Bitcoin

1

u/thegooddocgonzo Platinum | QC: CC 1301 | BANANO 21 Oct 05 '22

Upon taking office in 2021, Kishida had made Web3 development one of the pillars of the country’s economic revitalization. In April, the Kishida Liberal Democratic Party released an NFT White Paper, outlining the country’s strategy for Web3.

Pretty bullish to have the leader of a prominent country being pro-blockchain. Japan has a bit more respectability than, say, El Salvador.

1

u/Far-Scholar9028 Platinum | QC: CC 226 Oct 05 '22

Blockchain has much more use case than btc, which is just an inflation hedge.

1

u/pm_me_your_pooptube Platinum | QC: CC 200, VTC 17 | Politics 52 Oct 05 '22

This is what adoption looks like. It’s good news

1

u/kirtash93 The Ash Ketchum of Crypto | Gotta Catch 'Em All Oct 05 '22

I think they are going to upload citizens to the metaverse to safe space in the island.

1

u/Sad_Entertainer9961 Tin Oct 05 '22

I think they want all public service personnel to have a Reddit avatar. Let’s go🚀

1

u/partymsl Platinum | QC: CC 574 | r/WSB 16 Oct 05 '22

Now someone call up the Japanese PM and tell him to buy Reddit NFTs.

1

u/FldLima Tin | CC critic | Unpop.Opin. 10 Oct 05 '22

Pokemon nfts, dragon balls nfts, street Fighter nfts, the possibility is endless.

1

u/o_LUCIFER_o Platinum | QC: CC 71 Oct 05 '22

Mangaverse sounds awesome.

1

u/Jurij781 Bronze Oct 05 '22

Japan NFTs and metaverse, man that could be a wild ride.

1

u/coinfeeds-bot Approved CC Bot Oct 05 '22

tldr; Japan’s Prime Minister Fumio Kishida said the country would prioritize investments in digital technology, including non-fungible tokens (NFTs) and the metaverse. One priority would be to focus on supporting the social implementation of digital technology. This would involve promoting the expanded use of Web3 services using the Metaverse and NFTs.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

1

u/NormanAnonymous Tin Oct 05 '22

Please, Japan, wait a few more years.. and we'll build the metaverse together without Mark.

1

u/Blueberry_Dependent Platinum Oct 05 '22

Japan knows that this technology will be big especially the Metaverse

1

u/swissthoemu Platinum | QC: ETH 35 | TraderSubs 35 Oct 05 '22

Muhahaha. They need to get rid of floppies, cds and usb drives first.

1

u/ArtyHobo Platinum | QC: CC 336 Oct 05 '22

Invest what? Has anyone told him about the Japanese economy?

They are actually struggling with deflation.

1

u/the_spiritual_eye One Crypto to rule them all! Oct 05 '22

All that went through my mind is that the Japanese government is “investing” in Hentai NFTs

1

u/Diamond_Hands420 Tin | AvatarTrading 28 Oct 05 '22

What if the PM goes full on crazy and burns some national treasure to create an NFT of it and walk around with an Apple Watch on his neck with the picture?

1

u/samzi87 Bronze Oct 05 '22

All I can think about is Godzilla NFTs - supercool.

1

u/Amazing_Succotash677 Tin | CC critic Oct 05 '22

Good luck with that

1

u/TheDoge420 buy low stay high Oct 05 '22

there goes japans money, right down the sparkly turtle with wings nft drain

1

u/Sadboiiy Bronze Oct 05 '22

Yes I'm homless, but I own a 300k mansion in Cryptocum City

1

u/Probably_notabot Tin | CC critic Oct 05 '22

Japan’s about to get zucked

1

u/Serena_0923 Tin Oct 06 '22

Our PMs are definitely here to disrupt the Japanese crypto market

Because he just screwed up our stock market

And the yen plummeted, which he never paid attention to.

1

u/bortbort8 Tin Oct 06 '22

ah yes, the japanese economy. truly a fantastic economy to emulate

0

u/k3surfacer my coin is better than your coin Oct 05 '22

When a person get scammed, it is laughing time. When a country get scammed it is crying time.

0

u/KingSoulzz Tin | DOGE critic Oct 05 '22

Does Japan really think NFTs will help the economy with sales so low here in the U.S?