Web 3.0 the PRISM Index to Watch as Japan Approves Policy Bolstering Adoption
The Japanese government has approved a new policy that aims to develop and expand the Web 3.0 environment in the country. The plan includes the use of cryptocurrencies, NFTs and decentralized autonomous organizations (DAOs).
Additionally, Japan plans to promote its fintech sector by bolstering efforts of raising funds with security tokens and easing the evaluative standards for crypto.
This is great news for Web 3.0 and the PRISM Web 3.0 Index may stand to benefit. The index is down 3.5% for the day, but investors are hopeful for growth in the future.