In 2019, Ivan Soto-Wright established MoonPay to alleviate some of the biggest pain points of the Web3 user experience. The founder and CEO has since broadened MoonPay’s scope from crypto payment service to its current status as a fully end-to-end Web3 infrastructure.

At nft now’s The Gateway 2022, Soto-Wright spoke of MoonPay’s macro-level business model in Web3 and how legacy brands can utilize this emerging technology to deliver loyalty-based experiences that have never been possible in the consumer market. Of course, underneath all these big plans for the future is a simple core belief that has held strong since MoonPay’s earliest days: user experience is king.

In this episode, we cover:
– How MoonPay plans to seamlessly onboard the audiences of legacy brands into Web3
– The shifting nature of digital ownership made possible by Web3
– Why “the mom test” is a crucial metric in determining a platform’s ease of use
– How MoonPay’s Web3 Passport fits into its larger strategy of bringing Web3 to the world

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#MoonPay #Crypto #NFTs

Hopes are high in Japan that the government will put Web3 development at the front and center of its economic plans – after its Prime Minister appointed a new minister in charge of digital affairs. On Twitter, the politician Taro Kono announced that he had been appointed to the post by the Prime Minister, Fumio Kishida, in the latter’s latest ministerial reshuffle. The appointment appears to be a clear sign of intent from Kishida: Kono is a former tech industry chief, has a particularly high social media presence, and as a former Georgetown University alumnus, is fluent in English. He has previously headed the foreign ministry and is also the former Minister of State for Administrative Reform. During his term as Foreign Minister, Taro Kono held an official meeting with the Ethereum (ETH) co-founder Vitalik Buterin and the Ethereum Foundation’s Executive Director Aya Miyaguchi. Last year, Kono narrowly lost the Liberal Democratic Party (LDP) leadership election race to Kishida. Had he won, he would have taken on the role of PM. More recently, he took to Twitter to ask his 2.4 million followers to create a digital avatar that he could use in metaverse spaces. Kono will head the government-run Digital Agency, which was created in 2009 in an attempt to digitize the workings of the government, bridge the tech divide between rural and urban areas, and promote IT-based growth. But in recent months, Kishida and the ruling LDP have spoken in bullish terms about Web3-related growth. Appointing a minister with the clout of Kono to effectively spearhead this effort appears to demonstrate just how seriously Tokyo is now taking its efforts in this field. Opposition leaders and industry chiefs have warned that top Japanese blockchain and crypto talents are moving overseas due to prohibitive tax rates, prompting talk of crypto tax reform. And in a visit to the UK in May this year, Kishida told British investors that his government was targeting Web3-related growth, making note of both metaverse and non-fungible token (NFT)-related developments in his speech. CoinPost reported that last month, the Ministry of Economy, Trade, and Industry established the new Web3 Promotional Office. The latter was described as “a cross-ministerial organization.”Learn more: – Japanese VC Firm Mistletoe Strengthens Crypto Focus, Says Web3 Will Spread to All Industries- PM Says Web3 Is an Opportunity for Japanese ‘Economic Growth’- Gamers Play Different Strategies: Minecraft Says No to NFTs, While Square Enix Unveils Its NFT Project- Japanese Crypto Industry Urges Tokyo to Reform Tax Laws- Bitcoin ATMs Return to Tokyo, Osaka for First Time Since 2018- Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn

All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/japan-appoints-political-heavyweight-as-new-digital-minister-boosting-web3-hopes.htm

#kono #libracrypto #bitcoinprojections #bitcoinwalletlookup #btcblockexplorer #gbtcstock #

The highly anticipated Web3 Creator Summit 2023 is set to delve into the future of Non-Fungible Tokens (NFTs), showcasing the groundbreaking potential and emerging trends in the NFT space. The summit, which brings together influential voices and key players in the blockchain and digital art industries, will serve as a platform for in-depth discussions, inspiring presentations, and engaging panels on the evolution of NFTs and their impact on the Web3 ecosystem.

With NFTs gaining significant traction in recent years, the Web3 Creator Summit 2023 aims to shed light on their transformative power and explore the possibilities they present for creators, collectors, and enthusiasts alike. The event will feature renowned speakers, including leading artists, technologists, entrepreneurs, and thought leaders, who will share their insights, experiences, and visions for the future of NFTs.

The panel covers the topic – The Future of NFT’s. Jenny Zheng, BD Lead; Bybit NFT; Karen Shidlo, CMO, Fiat24; Hugo Gong, Lecturer, Westminister Business School and Anndy Lian, Intergovernmental Blockchain Advisor shared their views on the future of NFT. Carmac Rowe, an NFT Enthusiast is the moderator.

The future of Non-Fungible Tokens (NFTs) holds immense potential and offers numerous intriguing possibilities. NFTs have garnered significant attention in recent years, and their impact on various industries is poised to continue expanding. Let’s explore some key aspects that shape the future of NFTs.

Expanded Adoption: While NFTs have primarily been associated with digital art, their applications are diversifying rapidly. In the future, we can anticipate NFTs being utilized across domains such as music, movies, virtual real estate, fashion, sports, and even physical assets like property deeds or collectibles. This broader adoption will unlock fresh opportunities for creators, artists, and investors, fueling innovation and growth.

Enhanced Interactivity: NFTs possess the potential to revolutionize the way people engage with digital content. By linking additional benefits or experiences to NFT ownership, artists and creators can offer exclusive access to events, virtual meet-and-greets, or personalized content. This heightened interactivity and engagement can elevate the value and desirability of NFTs, fostering deeper connections between creators and their audiences.

Governance and Royalties: Smart contracts associated with NFTs can be programmed to automatically distribute royalties to creators whenever the NFTs are sold or traded. This unique feature ensures that artists receive ongoing compensation for their work, even in secondary market transactions. Moreover, NFTs can incorporate governance features, enabling token holders to actively participate in decision-making processes related to associated projects or communities, fostering transparency and inclusivity.

Sustainability and Environmental Concerns: NFTs have faced criticism regarding their environmental impact, primarily due to the energy consumption of blockchain networks like Ethereum. However, ongoing efforts are underway to address these concerns by adopting more energy-efficient consensus algorithms or exploring alternative blockchain platforms. The future of NFTs will likely witness an increased emphasis on sustainability and the integration of environmentally friendly practices to minimize their ecological footprint.

Evolving Standards and Interoperability: Currently, different blockchain networks have their own NFT standards, such as ERC-721 and ERC-1155 on Ethereum. In the future, we might witness the development of interoperable standards that enable seamless transferability of NFTs across different blockchains. This interoperability can significantly enhance liquidity and extend the reach of NFTs, fostering a more interconnected ecosystem.

It is important to note that the future of NFTs is still evolving, and the technology is subject to rapid changes and advancements. As with any emerging field, there are inherent risks and challenges to navigate. However, the unique properties of NFTs, such as their ability to authenticate and prove ownership, as well as their potential to create new economic models, make them an intriguing concept with significant potential in the years to come. By responsibly harnessing this potential, we can unlock a future where NFTs empower creators, reshape ownership paradigms, and revolutionize industries worldwide.

The Japanese Prime Minister has spoken to the nation’s parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation. The Japanese media outlet CoinPost reported that the PM, Fumio Kishida, made his announcement before the House of Representatives (the lower house)’s Budget Committee yesterday, where he said:“The dawn of the Web 3.0 era may lead economic growth [for Japan].”The PM faced a question from the MP Masanobu Ogura of the ruling Liberal Democratic Party at the hearing, following Kishida’s remarks on “blockchain, non-fungible tokens (NFTs), and the metaverse” made on a recent trip to the UK. Kishida, who was in the UK earlier this month, spoke to potential investors about new “institutional reforms” that would “create an environment” that “facilitates” the creation of new services. These services, he said, include Web 3-related infrastructure. In answer to Ogura’s request for further clarification on the matter, Kishida explained:“We are confident that incorporating new digital services such as the metaverse and NFTs will lead to economic growth for Japan. As we enter the Web 3.0 era, I feel strongly that we must resolutely promote this environment from a political standpoint.”The PM further added that he would aim to foster new startups in the space, and pledged “support” for tech firms aiming to woo overseas capital – vowing to make the Japanese Web 3 space “attractive as an investment destination.”To do this, Kishida indicated, the government could launch startup accelerators, aid with attracting foreign venture capital – and even possible public capital backing. Forces both within the ruling party and outside it have joined calls for the government to back up its claims on this front with positive action – including a reform of tax laws that currently see crypto-related earnings classified as miscellaneous income on tax declarations. Critics have urged the government to switch to a system whereby earnings are instead subject to capital gains tax levies – and taxed at a flat rate. Learn more: – Japanese Opposition Leader Urges Crypto Tax Reform to Provide Nation with Web3 Boost- Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit- Time to Appoint a ‘Minister of Web3’, Says NFT Policy-making Group of Japanese MPs- Japanese Exchange to Become First Licence-holding Platform to List Dogecoin- Japanese City to Launch Metaverse Project with Entertainment Industry Behemoth- Japanese Automakers Toyota and Nissan Unveil Metaverse Plans

All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/pm-says-web-3-is-an-opportunity-for-japanese-economic-growth.htm

#japanese #xlmcoin #btcstocktwits #bitcoindoublerclub #bitcoinsvnews #grayscalebitcointrust #