Hakuhodo to Start Joint Crypto Venture with Stake Technologies

Japanese advertising firm Hakuhodo DY Holdings plans to form a joint venture with cryptocurrency entrepreneurs to help clients to build called Web3 businesses.

[{"selector":"#anim-8b349ad6-1cb5-4489-817e-662fcfcf0df3","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Hakuhodo Inc. is to launch the startup this year with Singapore-based Web3 infrastructure developer Stake Technologies Pte., headed by Sota Watanabe.

[{"selector":"#anim-ec05ad5d-0256-4893-9315-99a06c3e6314","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-587337a5-d3e5-4afd-a9cc-fab210855c95","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8cdffe3-b221-4737-9bdf-c2aac0ca3f3e","keyframes":{"transform":["translate3d(114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This move follows a pledge made by the Japanese government led by Prime Minister Fumio Kishida earlier this year.

This will support the growth of Japan's Web3 industry, including crypto-based businesses.

[{"selector":"#anim-5744f262-50b2-47a2-a92d-60bd6a6646ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

As part of this, the government plans to change tax laws to make it cheaper for companies to issue and store crypto tokens.

[{"selector":"#anim-6e46572b-1182-4919-87af-5623e20f13ac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.654411480450506%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e5f72e8f-b4a7-43a3-812f-a47f6b3ed3af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Hakuhodo has strengthened its cooperation with Stake Technologies, known for the Astar blockchain.

[{"selector":"#anim-d4cd404a-553f-4565-bfe2-c8cda940e6d2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f98c7857-8b46-4142-a46e-1795b5497fa5","keyframes":{"transform":["translate3d(114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This aims to meet demand from Japanese companies looking to enter the crypto-related business.

[{"selector":"#anim-dba7fed6-4505-4a05-906f-1e6e9c02733d","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-0961f979-1a85-48f0-bbfa-1a97a38cfbaf","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27f94e10-b2a6-44bb-b87c-8d0cdf2693b4","keyframes":{"transform":["translate3d(114.24051%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More