Hakuhodo Establishes Web3 Joint Venture with Japanese Blockchain Firm – Bloomberg
Comprehensive advertising service majorHakuhodo DY HoldingsHakuhodo, a subsidiary of Hakuhodo, is a new Internet concept that utilizes crypto assets and blockchain technology.Web3 (Web3)”, we will launch a joint venture with a Singaporean company led by a Japanese entrepreneur within the year. A person familiar with the business said.
According to people involved, the joint venture with Hakuhodo will be Stake Technologies, which develops the public blockchain “Aster Network” from Japan. A startup led by CEO Sota Watanabe, the new company will leverage AsterNetwork to help companies enter Web3.
A Hakuhodo spokesperson told Bloomberg that the joint venture will be announced on the 27th.
Expectations are rising for Web 3 as a new Internet concept
Photographer: Akos Stiller/Bloomberg
Aster Network is a system that connects different blockchains and makes it easier to use Web3 services.Hakuhodo and Stake Technologies have long been major snack food giants.CalbeeJoint measures related to non-fungible tokens (NFT)supportWe have deepened our cooperative relationship.
It was announced in June to realize the “new capitalism” advocated by Prime Minister Fumio Kishida.planIn 2010, it was specified that consideration would be given to improving the environment for the promotion of Web 3. In July, the Ministry of Economy, Trade and Industry set up the Web3 Policy Promotion Office.
On the other hand, in Japan, the tax system related to crypto assets is stricter than in overseas countries, and there is a situation where entrepreneurs have no choice but to move overseas.reliefpointed out toFinancial Services Agency Tax Reform for 2023requestincluded a review of the taxation method for end-of-term market valuation taxation of crypto assets.
The establishment of a joint venture between Hakuhodo and Stake Technologies was first reported by the Nihon Keizai Shimbun on the evening of the 26th.
