Three Notable Web3-Related Tokens from Japan

What Is Web3?

Web3 represents a new paradigm for the internet, empowering users to manage their own data and digital identities through advanced technologies like blockchain and decentralized applications (DApps). Unlike the traditional Web2 environment, where major tech corporations control data and content, Web3 aims to fundamentally solve centralization issues.

In a Web3 ecosystem, blockchain technology enables secure and transparent information exchange. The use of digital assets such as cryptocurrencies and tokens supports new economic models and global community engagement. These innovations position Web3 as the next-generation internet infrastructure, drawing worldwide attention.

Three Leading Japanese Web3 Tokens

Japan is witnessing a surge of innovative blockchain projects as Web3 technology gains traction. Below are three standout tokens with significant potential and industry recognition.

• Astar Network
• Oasys
• XANA

Each project targets a distinct sector, yet all are driving the expansion of Japan’s Web3 ecosystem.

Japanese Web3 Token ①: Astar Network

Astar Network is a high-performance platform developed as a Polkadot parachain for building decentralized applications (DApps). As a public blockchain originating from Japan, it has earned global acclaim.

Key features of Astar Network include:

• Polkadot Parachain Integration: Enables interoperability with the Polkadot ecosystem, allowing seamless data exchange across multiple blockchains
• Multi-Chain Support: Supports development environments like Ethereum Virtual Machine (EVM) and WebAssembly (Wasm), providing developers with flexible options
• Build2Earn Incentives: Rewards developers for building DApps, fostering a sustainable ecosystem

Astar Network is poised to advance DApp adoption and expand the Polkadot ecosystem, attracting both domestic and international interest. Led by Sota Watanabe and Stake Technologies, the project has received significant backing from global venture capital, establishing its reputation worldwide.

The global expansion of Japanese Web3 companies, including Astar Network, has prompted calls for tax reform in Japan and spurred active government debate around Web3 tax policies.

• Token Symbol: ASTR

Japanese Web3 Token ②: Oasys

Oasys, founded in February 2022, is a Japan-born blockchain project focused on gaming. With the concept “Blockchain for The Games,” Oasys aims to create an innovative platform that meets the needs of both game developers and players.

Key features of Oasys include:

• Developer and Player-Centric Features: Delivers fast transaction processing, low gas fees, and a game-optimized architecture for comprehensive game development support
• Partnerships with Major Companies: Forms strategic alliances with top game and blockchain firms in Japan and abroad, accelerating industry growth
• GameFi Ecosystem Leadership: Expected to play a leading role in the growing GameFi sector, which blends gaming and finance

The project is led by Singapore-based Oasys Pte. Ltd., and development is driven by collaboration among blockchain experts and leading game and technology companies. As the GameFi industry expands, Oasys is set to meet rising demand.

• Token Symbol: OAS

Japanese Web3 Token ③: XANA

XANA, developed by NOBORDERZ, is a next-generation Web3 metaverse and infrastructure. With the slogan “A Second Home and a Second Self for Everyone,” XANA offers a platform where anyone can easily create metaverse spaces, avatars, and games, as well as trade and monetize digital items.

Key features of XANA include:

• XANA Chain Integration: Built on its proprietary blockchain, XANA Chain, enabling fast and low-cost transactions
• Dual Token System: Employs two distinct tokens within its ecosystem to balance economic stability and growth
• Collaborations with Celebrities, Brands, and Characters: Partners with prominent individuals, corporations, and popular characters domestically and globally to broaden its user base

XANA stands out as a Japanese metaverse company with groundbreaking partnerships involving diverse businesses and influencers, garnering significant attention worldwide. Yujii Mizoguchi, CEO of XANA JAPAN and president of BACKSTAGE Co., Ltd., leads digital transformation in entertainment and sponsors the martial arts event "Breaking Down," further increasing XANA’s media exposure.

• Token Symbol: XETA

Japan and the Future of Web3

Japan’s Web3 industry shows tremendous promise, with exceptional compatibility for several reasons:

• Thriving Content Industries Suited for NFTs: Japan boasts world-renowned anime, manga, and gaming sectors, all highly synergistic with non-fungible tokens (NFTs)
• Robust Tax Framework: Japan is steadily building predictable tax systems for crypto assets and Web3-related businesses, outpacing many countries
• Strategic Government Support for Web3: The Japanese government positions Web3 as a national strategic priority and is implementing proactive support measures

Web3 is a central axis of Japan’s national strategy, as detailed in the “Digital Garden City Nation Concept Comprehensive Strategy.” The plan aims to create new industries and expand job opportunities through Web3 innovation, with government support for technology development and talent cultivation.

Major government initiatives include:

• Investment in Technology and Talent: Significant funding for Web3 R&D over recent years is driving innovation and workforce development
• Expansion of Web3 Industries: Concrete policies target substantial future growth for Web3-related sectors

With strong government backing and Japan’s unique strengths, the outlook for the nation’s Web3 industry and related tokens remains highly optimistic.

Conclusion: Growing Optimism for Japanese Web3 Tokens

This article outlined three standout Japanese Web3 token projects—Astar Network, Oasys, and XANA. These projects have earned global recognition and are poised to accelerate Web3 adoption and industry growth.

Japan’s government is actively fostering Web3 as a key strategic sector, providing significant support for these initiatives. Combined with robust backing from major corporations and the strength of Japan’s content industries, Japanese Web3 firms are positioned for increasing global attention.

Japan’s Web3 sector integrates technological innovation, policy support, and industry collaboration, creating a foundation for sustained growth. Stay tuned to developments in this dynamic field.

FAQ

What Are Japanese Web3 Tokens?

Japanese Web3 tokens are digital assets issued by companies and projects participating in the Web3 ecosystem using blockchain technology. They offer utility for smart contracts, decentralized applications, NFT trading, and more, powering Web3 industry growth.

How Can I Purchase Japanese Web3 Tokens?

Create an account with a trusted cryptocurrency exchange and complete identity verification. Deposit Japanese yen, find the Web3 token you want, and proceed with your purchase. Enhance security settings and consider moving assets to a hardware wallet for added safety.

What Are the Risks When Investing in Japanese Web3 Projects?

Major risks include private key exposure, phishing attacks, smart contract vulnerabilities, and money laundering. Additional concerns involve service fraud and regulatory uncertainty. Robust security measures and thorough research are critical.

How Do Japanese Web3 Tokens Differ from Overseas Web3 Projects?

Japanese Web3 tokens are designed for regulatory compliance and domestic user needs, while overseas projects emphasize global reach and advanced DeFi/DAO features. Japanese tokens focus on compliance; overseas tokens prioritize decentralization and functionality.

What Is the Regulatory Environment for Japanese Web3 Tokens?

Japan’s regulatory framework is guided by the Financial Services Agency, with an emphasis on transparency and safety. Regulations ensure healthy market growth and investor protection, with ongoing updates to address Web3-specific challenges.

What Is the Future Outlook for Japanese Web3 Projects?

Japanese Web3 projects have robust growth prospects. Looser regulations for professional token offerings are encouraging entrepreneurs to return to Japan and strengthening the investment environment. With balanced regulation, domestic Web3 projects are set to grow and boost global competitiveness.