TEAMZ 2024 Summit Review: Bright Prospects for the Japanese crypto market

Recently, an important summit focusing on the integration of Web3 and artificial intelligence technologies was held in Tokyo. This summit attracted over 500 industry experts and more than 200 blockchain and Web3 companies, engaging in in-depth discussions on hot topics such as decentralized AI infrastructure, AI-driven data interoperability, and the impact of AI on the Web3 ecosystem.

Major Highlights of the Japanese Crypto Market

The stablecoin market is poised for action.

The Japanese stablecoin market is expected to see significant expansion in the coming year. A trading platform is collaborating with Japanese financial institutions to launch stablecoins pegged to major currencies like the yen by the end of 2024. Japan's latest regulatory framework requires that only licensed entities can issue stablecoins to ensure the stability of the financial system. This regulatory environment is also encouraging more companies to explore the application prospects of stablecoins.

New Regulations on Investment Fund Supervision

The Japanese Cabinet has approved a bill allowing investment funds and venture capital firms to invest in encryption, marking an important step in incorporating digital assets into traditional portfolios. This decision paves the way for venture capital firms to engage more actively in the crypto market and blockchain industry. These advancements are expected to attract more institutional investors into the crypto space, potentially increasing the financing opportunities for Japanese blockchain companies.

The development of NFTs and intellectual property

In Japan, NFTs and related intellectual property are rapidly developing in areas such as collectibles, sports, and blockchain gaming. Many Japanese companies have delved into NFT-related businesses, developing platforms and applications that extend the use of NFTs beyond art and entertainment. These applications cover copyright management, content creation, and distribution, enabling creators and intellectual property holders to provide unique digital products and services directly to consumers.

Summit Highlight Activities

WEB3 IN BLOOM

As the official peripheral event of the summit, WEB3 IN BLOOM attracted over 300 guests. The event combined floral art, gourmet food, and the enchanting night view of Tokyo, providing attendees with an unforgettable social evening.

main venue discussion

During the two-day main conference, several industry experts discussed topics such as venture capital trends for 2025 and predictions for crypto assets. The conference also set up an exhibition area, providing participating companies with a platform to showcase the latest technologies and products.

Outlook on the Japan crypto market

The summit showcased the latest achievements of numerous global companies and provided an important discussion platform for future technology integration. Attendees generally hold an optimistic view of Japan's crypto market in the next 3-5 years, believing that Japan will make significant progress in the large-scale adoption of encryption and AI technologies.

With the gradual improvement of the regulatory environment and the active exploration by market participants, the Japanese crypto market is ushering in new development opportunities. Whether it's the promotion of stablecoins, the participation of investment funds, or the application of NFTs in the field of intellectual property, all indicate that the Japanese crypto market is about to enter a new stage of vigorous growth.