Jangdeok Ko, CEO of the non-fungible token (NFT) marketplace SBINFT, observed that the designation of Web3 as a "national strategy" by Japan has encouraged a growing number of traditional companies in the country to explore merging with or incorporating Web3 technologies into their businesses.

However, Ko noted that while this trend is gaining momentum, many of these companies are still navigating the initial phases of integration, experimenting through a process of trial and error to find the best approach to leverage Web3 advancements.