Summary
TLDR: The Japanese blockchain gaming community is seeking government support to enhance liquidity for Web3 games and capture a significant share of the $44 billion gaming market. Despite favorable regulations, stringent rules have stifled liquidity in the GameFi sector. Collaborating with the government to tweak regulations could increase market liquidity and competitiveness. The Japanese government has shown interest in crypto innovation, but challenges remain, such as proposed measures by the Financial Services Agency that could complicate transactions and affect liquidity.
Key Points
1. The Japanese blockchain gaming community is striving to revitalize and capture a significant share of the $44 billion gaming market by enhancing liquidity for Web3 games through discussions with the Liberal Democratic Party (LDP).
2. Ryo Matsubara, director of the blockchain platform Oasys, is leading this effort, which focuses on optimizing the platform for gamers with instant transactions and zero gas fees.
3. Collaboration with the government is a crucial part of Oasys’s strategy to tweak regulations, encourage safer cryptocurrency investments, increase market liquidity, attract more buyers and sellers, and enhance the competitiveness of the Japanese Web3 market.