According to the Prime Minister’s Office of Japan, Prime Minister Fumio Kishida announced plans to expand investment in NFT and Metaverse in his State of the Union Address, and the Japanese government will further invest in digital transformation and expand the use of Web3 services. Foresight News previously reported that Kishida Fumio said in a parliamentary inquiry that he "believes that Web3 will promote Japan's economic growth" and believes that Japan's economic growth will be achieved by introducing new digital services such as Metaverse and NFT.