The TEAMZ Web3/AI Summit is scheduled to be held over two days from April 13th to 14th, 2024, at Toranomon Hills in Tokyo, Japan. The summit will attract over 5,000 participants from Japan and the international Web3 industry to discuss the construction and development of the Web3 ecosystem.

Summary of the 2024 Japanese Web3 Market Features/Key Points

In 2024, the Japanese market will introduce an official stablecoin

The key word for the Japanese Web3 market in 2024 is “stablecoin”. The Japanese government’s Financial Services Agency (FSA) is preparing to approve an official Japanese stablecoin. Currently, several Japanese banks and technology giants, including Circle+SBI, GMO Trust, Mitsubishi Bank+Progmat+Ginco, are positioning themselves in the Japanese stablecoin market. With the introduction of the official Japanese stablecoin, this significant move not only solves the conversion issue between domestic fiat currency and digital cryptocurrencies but also greatly enhances the depth of cooperation between the Japanese Web3 industry and the international Web3 market.

Changes in the tax system for corporations and individuals holding digital cryptocurrencies

To prevent the outflow of excellent Japanese Web3 entrepreneurs and businesses, and to attract outstanding global Web3 companies to the Japanese market, the Japanese government abolished the tax on digital cryptocurrency valuation based on market value at the end of the period for corporate entities holding digital cryptocurrencies on December 22, 2023. At the same time, the government introduced a reduction in the income tax rate for corporations and individuals holding digital cryptocurrencies.

The country with the most digital cryptocurrency exchange licenses issued in the world

As of now, there are 30 cryptocurrency exchanges in the Japanese market that have been issued trading licenses by the government. All exchanges, especially those in the coin listing sector, follow the regulations of the JVCEA and the Japanese Financial Services Agency (FSA). However, starting from the fiscal year 2024, every operating cryptocurrency exchange will have one to two slots for conducting IEOs and listing mechanisms for global high-quality Web3 projects. At the same time, the entire industry’s coin listing cycle and costs are significantly decreasing.

The Country with the Most Institutional Participation in the Web3 Industry Globally

While there is no exact number indicating how many institutions have entered the Web3 market in Japan, the current market is active with major Japanese corporations such as SBI, GMO, DMM, Softbank, NTT Docomo, KDDI, MUFG, SMBC, Sony, NEC, Fujitsu, JAL, INPEX, MATSUDA, JR Kyushu, Hakuhodo, Casio, Tokyo Energy, etc., all laying out their Web3 business segments. NTT Docomo is set to release its own digital cryptocurrency wallet product in 2024, which means these corporations are not just superficially participating in the Web3 industry but are already in the stage of deploying products and service lines.

IP as a Natural Advantage for the Growth of Japan’s Web3 Market

Japan is a global powerhouse in top IP. A vast array of anime and other IPs provide strong content support for the NFT, gaming, and metaverse project development within the Web3 industry. IP is also a unique natural advantage for the Japanese market in developing the Web3 industry.

A Large Community and Group Foundation

Compared to other global markets, Japan is undoubtedly one of the most active markets for the Web3 community and groups globally. The Bitflyer exchange and Coincheck exchange alone have about 2.5 million registered users each. The activity level of the Japanese community and groups in domains such as blockchain gaming, NFTs, DeFi, X to Earn, mining, Staking, etc., is also very high.

Overall, the Japanese Web3 market in 2024 is undoubtedly one of the most watched markets in the global Web3 arena. The TEAMZ Web3/AI Summit also hopes to send more information and signals about the Japanese market to the global Web3 market through this conference. Meanwhile, through keynote speeches, roundtable forums, VIP closed meetings, conference exchanges, project exhibitions, and peripheral activities, the summit aims to provide participants with various opportunities for in-depth exchanges, hoping that we can together build a new global Web3 ecosystem under the new market environment.

Highlights of the Conference:

120 TOP industry keynote speakers
100+ official summit VCs
89 booths
100+ official summit communities
100+ official summit media partners
450+ summit specially invited industry TOP KOLs (Key Opinion Leaders)
5000+ summit participants

Up to now, a total of 178 institutions and projects have been confirmed as co-organizers, sponsors, VC partners, community partners, and media partners attending this conference.