Share this article
Japan Digital Ministry to Create DAO for Web3 Exploration
The ministry is looking to develop understanding of what such organizations can achieve and probe their limitations.
Updated Nov 3, 2022, 4:57 p.m. Published Nov 3, 2022, 3:59 p.m.
Japan's Digital Ministry is to create a decentralized autonomous organization (DAO) to further its exploration of Web3 technology.
The DAO will help the government develop an understanding of what such organizations can achieve and identify their limitations, according to minutes of a ministry meeting. The ministry also wants to look at issues such as the legal position of governance tokens that are used for voting.
STORY CONTINUES BELOW
A DAO is a blockchain-based form of organization governed by holders of its native crypto token, who vote on matters related to the running of the organization. They are considered by some to be a ground-breaking use case for blockchain technology, representing an innovative approach to businesses management.
Japan has been exploring means of integrating Web3 technology into its government and economy. Prime Minister Fumio Kishida recently established a Web3 policy office under the Ministry of Economy, Trade and Industry (METI) focused on creating policies to enable the expansion of blockchain.
Read more: Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
State of Crypto: Wrapping Up the Month
Congress continues to make progress on crypto issues but things are moving slowly.
Top Stories
