web3 mentioned in Tokyo Metropolitan Assembly

On the 14th, Tokyo Metropolitan Assembly member Nobuko Irie from Minato Ward asked Tokyo Governor Koike a question at the 4th regular meeting of the Tokyo Metropolitan Assembly in 2021.

As a future strategy to make Tokyo a city that continues to be chosen by the world, Councilor Irie aims to strengthen fields such as food, art, academic departments, and entertainment, and to continue to revitalize special zones, thereby creating a virtuous cycle of the economy and the citizens of Tokyo. He argues that we should aim to improve our lives. He emphasized that this strategy also contributes to improving well-being.

He also mentioned “SusHi tech tokyo 2024,” an event that will last about a month in April next year. This event is positioned as a place to experience cutting-edge technology, including Web3 technology.

Councilor Irie expressed his hopes for SusHi tech Tokyo to improve the appeal and create hustle and bustle of the Bay Area waterfront subcenter. While creating a vision for a sustainable future city, he emphasized the importance of allowing Tokyo residents, citizens, foreign visitors to Japan, and tourists to experience cutting-edge technology.

Furthermore, as part of supporting the excitement of the event, Representative Irie proposed the production and distribution of NFTs (non-fungible tokens) and the use of tools to improve the ability to move between venues. This was the first attempt at a large-scale event, and the governor’s enthusiasm for the event was questioned.

In response, Tokyo Governor Koike emphasized the importance of SusHi tech Tokyo 2024, stating that it aims to create sustainable value and overcome urban issues. He explained that his goal is to use cutting-edge technology and ideas to create new value in response to common issues such as climate change, energy insecurity, and food problems. He said that through the participation of leaders and investors from around the world, they aim to create innovation and contribute to a sustainable future.

mentioned. With Sushi tech Tokyo as an opportunity, he set his goal to create a big movement and influence the world.

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What is SusHi Tech Tokyo?

“Sustainable High City Tech Tokyo = SusHi Tech Tokyo” will be held in the Tokyo Bay Area (Tokyo Big Sight, Hotel New Otani Tokyo, Ariake Arena, etc.) from April 27th to May 26th, 2024. More than 500,000 people and 4,000 startups from 40 countries around the world are scheduled to participate as Asia’s largest global startup program. It is said that technologies and ideas to address the issues facing the world will come together.

Furthermore, the Tokyo Metropolitan Government has set financial digitalization as a major pillar of its initiatives, with the aim of disseminating innovative technologies in society.

Last month, at the Tokyo Metropolitan Assembly Special Committee on Fiscal Year 2020 Financial Settlement, Representative Irie asked how the Tokyo metropolitan government would respond to financial digitalization based on trends in the Web3 industry. In response to this question, Tokyo Governor Koike stated, “The era of Web3 is now in progress,” emphasizing the need to respond to the new era of financial technology.

Governor Koike expressed her intention to support the promotion and cooperation of fintech, which enables small-lot investments in a variety of assets, by supporting the issuance of security tokens (digital securities). The aim is to utilize digital technology to make it easier for more people to participate in financial markets. The Tokyo Metropolitan Government aims to develop Tokyo into one of the world’s most advanced financial cities by introducing and promoting new financial technologies.

connection:Governor Koike: “We will support the promotion of fintech, including support for issuance of digital securities (ST)”

What is NFT?

NFT is an abbreviation for “Non-Fungible Token” and refers to a digital token with unique value. This technology is used in a wide variety of fields, including games, music, artwork, and various certificates.

What is attracting attention this time is NFT, which can be used as proof of event participation. POAP (Proof of Attendance Protocol) is a service suitable for this purpose, proving attendance at an event with an NFT-based digital badge. It is increasingly being used at music festivals and sporting events.

The use of NFTs at events goes beyond simply serving as digital memorabilia, offering many possibilities in the physical and digital realms for participant engagement, community building, and even brand extension. For example, an NFT can act as a digital pass that doubles as access to an online community exclusive to event attendees, allowing access to exclusive content for the holder.

For administrators, tracking NFT distribution and engagement will help them understand participant preferences and behavioral patterns. Considered a valuable source of information in planning future events and developing marketing strategies.

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