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Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption

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Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses.

Japan’s regulatory and political environment for crypto and Web3 technologies has been evolving rapidly over the past several years. The Financial Services Agency of Japan reported in December 2022 it planned to lift restrictions on foreign-issued stablecoins in Japanese exchanges, which could have significant implications for the decentralized finance (DeFi) ecosystem in Japan and the wider region.

Furthermore, the Japanese government’s announcement that it plans to invest in nonfungible tokens (NFTs) and the metaverse highlights the increasing recognition of the potential of Web3 technologies to transform various sectors of society and the economy.

On the backdrop of these significant strides for blockchain and cryptocurrency, industry insiders from around the world gathered at the historic Kanda Myojin Shrine in Tokyo for DAO Tokyo 2023, a conference focused on decentralized autonomous organizations (DAOs) and organized by Fracton Ventures.

The lineup of keynote speakers spanned various sectors of the DAO ecosystem, including ENS DAO, which manages the Ethereum Name Service; Shibuya, a decentralized social media platform; the dYdX Foundation, an independent foundation dedicated to decentralized exchange dYdX; and more.

Traditions meet decentralized tech

Speakers discussed the importance of DAOs as a new paradigm for organizational governance and decision-making, and their potential to transform the art world, promote decentralized creativity, and empower local businesses and residents.

DAO Tokyo featured numerous panel discussions where participants discussed the importance of creating decentralized systems prioritizing user privacy and control, and the potential for Web3 to enable new forms of value creation and monetization.

Recent: Here’s how Ethereum’s ZK-rollups can become interoperable

The panelists also discussed the potential of blockchain technology to enable new forms of trust and collaboration, particularly in industries such as finance and supply chain management. They highlighted the potential for DeFi to transform the financial industry and the challenges of regulatory compliance.

In addition to the insightful panel discussions and keynote speeches, the DAO Tokyo conference also featured a range of other activities that highlighted the potential of decentralized tech, including a campaign to mint Kanda Myojin augmented reality NFTs designed to commemorate the conference.

AFTERGLOW pic.twitter.com/Kl5iys9GxH

— TOKYOLUV (@TokyoLuv) April 15, 2023

ENS DAO created and distributed “ENS Cards” to about 120 preregistered event participants. These NFC-enabled “business cards” for the Web3 era served as NFT badges proving participants had met, a function enabled by tapping the card on one’s smartphone.

These are the unclaimed @DAO_TOKYO_XYZ @ensdomains swag cards . Please come and collect in the next 30 min as we are closing the booth. pic.twitter.com/s2oH1bskjq

— matoken.eth ETHTokyo/DAOTokyo (@makoto_inoue) April 13, 2023

It was interesting to watch how at this global event — with 90% of the audience being from outside Japan — the only people exchanging physical business cards were Japanese, symbolizing how the most recent trends come to Japan later than the rest of the globe and highlighting how Japanese society respects its traditions.

When asked why he wanted to participate in the event, Makoto Inoue, a core developer at Ethereum Name Service, noted that ENS was impressed by the vitality of the community at the previous DAO NYC event in New York and wanted to contribute to the success of the first full-fledged DAO event in Asia by sponsoring it.

He also highlighted the potential of DAOs to manage projects such as DeFi and NFTs, and said that he hoped more tools would emerge to make participation easier. Makoto noted that the cryptocurrency industry is going through a winter season, but this is an opportunity for new projects to emerge.

Jocelyn Chang, Asia-Pacific growth lead at MakerDAO, told Cointelegraph, “Asia, with many innovative projects and initiatives in the space, has a unique opportunity to play a leading role in shaping the future of DAOs. Participating in a DAO conference in Asia is an important step in promoting adoption, collaboration, diversity and innovation in the development of DAOs in the region.”

Patrick Rawson, co-founder of Curve Labs, told Cointelegraph that the dominance of Western DAOs is set to change as Asia gains momentum in the Web3 space. He said that Asia would become increasingly involved in the Web3 space as Western jurisdictions like the United States face regulatory challenges and Asian developers become increasingly involved in the blockchain and crypto industries.

What’s next?

DAO Tokyo was a reminder of the energy and creativity driving the Web3 industry forward, and of Japan’s position at the forefront of this new frontier. With a growing ecosystem of blockchain startups, investors and enthusiasts, Japan is poised to become a major player in the Web3 world.

The Japan Business Federation — also known as Keidanren — recently made a proposal that aims to make Japan a leading Web3 advanced country by 2025 by addressing various issues, such as decentralized data ownership, governance transformation and innovation in various industries.

Recent: The gamble of crypto airdrop hunting and what it means for blockchain devs

Keidanren listed three areas Japan could address to become a Web3 advanced country: appropriate tax measures for token ownership, revision of the law on investment business limited liability partnership agreements, and appropriate operation of the Japan Virtual Currency Exchange Association audit. The federation also proposed measures for NFTs, DAOs and the metaverse.

Japan will host several more large-scale Web3-focused conferences this summer, with Prime Minister Fumio Kishida already confirmed as a speaker at some.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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