3000 points for Haratai 🚀 I can't believe that Japanese people can create a public chain in the first place, and even now, the Ethereum L2 related to Sota seems to have no future but to be a dead end. I mean, the Ethereum L2 itself is already in a state of chain proliferation and dead end, and it's interesting that CZ is making a move.
The Digital Minister, who has become a topic of discussion as a scapegoat for the presidential election, is strongly endorsing Astar, led by Sota Watanabe, which has seen its price drop by about 90% over the past year and a half, causing disappointment and discontent among investors. However, the fact that what he has been arbitrarily promoting has not been going well at all, and that investors are suffering significant losses, is hardly discussed publicly. Additionally, the NFTs, DAOs, and gaming projects that Mr. Hirakawa has been promoting have all become obsolete over the past few years. It is uncertain how the outcome of the presidential election will affect the Web3 industry, but as an industry, heavily backing specific politicians poses risks and only leads to collusion and the push for projects lacking merit. We should reassess whether Japan's political policies and involvement in Web3 are truly yielding any positive results, including quantifying the outcomes. From my perspective, it seems like they are just putting on a show, and there is no sign of closing the gap with overseas developments, nor do any results appear to be forthcoming.
Show original
6.26K
4
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.