KEYTAKEAWAYS
- Japan's government, led by PM Kishida, strongly backs Web3 development through policy initiatives and regulatory support.
- The convergence of Web3 with AI and gaming emerged as major themes, highlighting new adoption pathways.
- Japanese companies showcased innovative Web3 solutions, from decentralized finance to blockchain-based corporate data management.
CONTENT
An insider’s tour of WebX 2024’s first day, showcasing Japan’s Web3 innovations, from government initiatives to cutting-edge AI and gaming integrations.
WebX 2024, organized by Japan’s leading Web3 and crypto media outlet CoinPost, opened its doors yesterday at The Prince Park Tower in Tokyo, promising two days of cutting-edge Web3 technology and insights. As Asia’s largest gathering of crypto, blockchain, and Web3 professionals, the event easily buzzed with anticipation and excitement. For those who weren’t able to make it, don’t worry, CoinRank is going to show you what Day One had to offer.
>>> More about WebX: WebX 2024 in JAPAN: A Two-Day Gathering of Companies Venturing into Web3
OPENING CEREMONY: A HIGH-LEVEL KICKOFF
Our day began with the opening ceremony, featuring a video message from Prime Minister Fumio Kishida. The PM emphasized his administration’s “New Capitalism” policy, positioning Web3 and blockchain as key drivers for solving social issues. He highlighted recent government initiatives, including tax reforms and legal amendments to support Web3 startups.
PANEL DISCUSSIONS: DIVING INTO WEB3’S FUTURE
Next, we headed to some thought-provoking panel sessions:
Panel Session | Scaling blockchain for mass adoption in DePin
(source: CoinRank)
Industry leaders tackled the challenges of scaling blockchain for Decentralized Physical Infrastructure Networks. The discussion ranged from network optimization to practical implementations.
(source: CoinRank)
Panel Session | The intersection of Web3 and AI
(source: CoinRank)
This session explored how blockchain and AI can complement each other, covering topics like decentralized AI and AI-powered blockchain solutions.
(source: CoinRank)
Panel Session | Detecting and Preventing Financial Crimes
(source: CoinRank)
Representatives from financial institutions, blockchain analytics firms, and regulatory bodies shared strategies for maintaining financial integrity in the crypto space.
(source: CoinRank)
Panel Session | Game-Fi Adoption challenges + Opportunities for innovation
(source: CoinRank)
Leaders from prominent Game-Fi projects discussed obstacles and solutions in blockchain-based gaming.
Panel Session | The role of gaming in driving Web3 adoption
(source: CoinRank)
Experts from Crypto Unicorns, Gemz, and OASYS Arbitrum explored how gaming is introducing broader audiences to Web3 concepts.
(source: CoinRank)
>>> Additional WebX articles:
- WebX 2024: Japan’s Economic Minister Ken Saitō Outlines Web3 Vision
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WebX 2024: Japanese Officials Discuss Web3 and Emerging Tech Policy
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WebX 2024: Sony Unveils Soneium Blockchain Ushering in Web3 Era
BOOTH TOUR: INNOVATION ON DISPLAY
After the panels, we explored some standout booths:
Booth | Boss Wallet
(source: CoinRank)
Established in 2023, Boss Wallet showcased their global asset storage and trading services, covering 168 countries.
Booth | BEVM Network
(source: CoinRank)
This booth introduced the first fully decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas, aiming to bridge Bitcoin and Ethereum ecosystems.
Booth | Kyuzan
(source: CoinRank)
We saw demonstrations of their Web3 products, including the popular NFT game “EGGRYPTO” and their business-focused Web3 development platform “MOUNTAIN”.
Booth | EchoX
(source: EchoX)
This company presented their Blockchain SaaS solution for transforming corporate data into digital assets, featuring 25+ application modules for immediate deployment.
WRAPPING UP DAY ONE
As the first day of WebX 2024 drew to a close, the event had already lived up to its promise of showcasing innovation and fostering collaboration in the Web3 space. With over 180 participating companies and roughly 250 speakers split evenly between Japanese and international experts, WebX 2024 is cementing Japan’s role in the global Web3 ecosystem.
The day concluded with an energetic opening party featuring DJ Steve Aoki, perfectly capturing the vibrant spirit of WebX 2024. As we looked forward to Day Two, it’s clear that this event is more than just an exhibition—it’s a glimpse into the future of Web3 and Japan’s pivotal role in shaping it.
>>> Related articles:
- ABS 2024 | Web3 Game Con: Bridging Traditional and Crypto Games
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ABS 2024: Taipei Emerges as Asia’s Premier Hub for Web3 and AI Innovation
