Mapping Out Japan's Blockchain Ecosystem

Japan is known for its advanced technology and is recognized as an early adopter of Web3. Japan’s Web3 industry has been rapidly growing over the last few years, especially in the NFT entertainment business, CBDC, and real-life financial utilization.

As of 2023, according to Triple A’s crypto ownership analysis, there are 5 million people or 4% of the total population that hold or have exposure to digital assets. This is similar to that of Korea (3.9%, 2022) and China (5.5%, 2023).