Japan’s Leading Mobile Operator NTT Docomo Plans To Invest $4.1 Billion In Web3

Japan's Leading Mobile Operator NTT Docomo Plans To Invest $4.1 Billion In Web3

Japanese mobile network operator NTT Docomo will invest $4.1 billion in Web3, according to the company’s Q2 financial statements.

Japan's Leading Mobile Operator NTT Docomo Plans To Invest $4.1 Billion In Web3 2

The mobile operator expects to invest 500-600 billion yen in Web3 over the next five to six years, the company presented the plan in its Q2/2022 earnings report.

The mobile service provider intends to establish a Web3 business by 2023, with four main functions: blockchain wallet, cryptocurrency exchange, token issuance, and securities.

Motoyuki Ii, president & CEO of NTT Docomo, said:

“Web3 is the most impactful technological development since the Internet. Docomo, in collaboration with Accenture, will revolutionize social infrastructure by utilizing blockchain and building a safe and secure Web3 environment.

We will build an environment where the power of creators and developers can come together. We are glad to be promoting the Japan-developed Web3, and we welcome individuals and companies to join us in the global development of Web3 services.”

NTT Docomo also cherishes a partnership with service giant Accenture and multi-chain smart contract platform Astar to attract participation and cooperation from industries and businesses through a DAO approach.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.