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Animoca Brands Japan, a subsidiary of the global blockchain and gaming company Animoca Brands, has announced its full-scale support for expanding overseas Web3 projects into the Japanese market. This strategic move underscores the increasing significance of Japan in the global Web3 ecosystem and aims to foster innovation and collaboration within the country’s burgeoning blockchain sector.
The initiative by Animoca Brands Japan seeks to provide comprehensive assistance to overseas Web3 projects seeking to establish a presence in Japan. This support encompasses various aspects, including regulatory compliance, market entry strategies, localization efforts, and partnership facilitation. It is challenging for foreign businesses and initiatives to penetrate Japan’s Web3 market due to obstacles like the country’s particular legislation, business practices, and language barriers. However, Japan’s distinct entertainment culture—which includes games, manga, and anime—has taken hold and is drawing interest from beyond the country. It is believed that these mediums have a strong affinity with Web3. Source: Crypto News SZ
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