Japan's crypto ambitions have spread from the grassroots to the highest levels. Japanese Prime Minister Shigeru Ishiba made it clear today at the WebX conference that he hopes to leverage the power of Web3 to drive Japan's economic and social transformation, and emphasized the need to strengthen investment and regulatory reforms for emerging industries like Web3.

This is not just talk. Previously, Finance Minister Kato Katsunobu aimed to create a "suitable environment" for crypto assets, and then the "Japanese version of MicroStrategy" Metaplanet went on a buying spree for Bitcoin. Now even the country's top leader is personally endorsing it, and the signal could not be clearer.

When a country starts embracing an industry from top to bottom, the explosive energy it generates is astounding. Japan seems to be trying to overtake in the global competition for crypto centers.