The TEAMZ Web3 Summit wrapped up a successful run on May 18, 2023, at Tokyo's Toranomon Hills. The two-day event drew over 4,500 attendees.
Organizer TEAMZ has announced the dates for the next summit: April 11–12, 2024, in Tokyo.
The summit brought together 4,500 participants, 89 speakers, 65 sponsors, 35 media partners, and 45 community collaborators over its two days.
Industry leaders, Web3 enthusiasts, and innovators gathered to explore the next frontier of the decentralized web.
The event served as a dynamic platform for sharing insights, fostering knowledge, and driving collaborative growth within the Web3 ecosystem.
Here are the key highlights from the summit:
Highlights from Day One of the TEAMZ Web3 Summit
Opening Ceremony
Speaker: Tianyu Yang / Founder & CEO, TEAMZ
TEAMZ Founder & CEO Tianyu Yang opened the summit. "Our theme this year is 'Web3 Starts Here'," he stated. "Japan is a global IP powerhouse, and we aim to leverage its domestic IP strengths to carve out a competitive edge in the global Web3 landscape. This summit is about connecting high-quality resources across the industry to foster exchange, learning, and collaboration that drives the entire sector forward. We're thrilled to welcome 4,500 global participants, 89 top-tier speakers, 65 sponsors and exhibitors, 35 media partners, and 45 community collaborators. The summit also anchors Tokyo Web3 Week, featuring 30 satellite events across the city. We extend our sincere thanks to the local authorities, sponsors, and partners for their tremendous support. As a comprehensive Web3 solutions provider focused on incubation and acceleration, TEAMZ has already worked with clients like Nippon Television, artist Yoshitaka Amano, and Animoca Brands KK. Following our recent Web3 esports initiative, we will soon announce TEAMZ's 2023 cohort of incubated projects—we warmly encourage both Japanese and international Web3 teams to apply. We are committed to deploying all our resources to deeply support our portfolio projects. Finally, we hope everyone makes the most of—and enjoys—the next two days."
The Future of the Digital Economy
Speaker: Tim Draper / Founder, Draper Associates
Renowned venture capitalist Tim Draper delivered a keynote on "The Future of the Digital Economy." He remarked, "The evolution from Web1 to Web3 is fundamentally reshaping finance, governance, and banking. The rapid growth of Bitcoin and smart contracts is at the heart of this transformation, making it crucial to weigh both technological returns and risks before investing. While entrepreneurs drive change through tech, Bitcoin's potential to redefine banking and the role of regulators remain pivotal. Japan is a pioneer in Bitcoin adoption, offering more transformative potential than many other markets. The rise of ChatGPT and AI is triggering major shifts, while advances in gaming and robotics are reshaping labor and healthcare. Ultimately, adoption and execution are key—realizing Web3's potential requires strong backing from large corporations, banks, and governments."
Mitsubishi UFJ Financial Group’s (MUFG) Web3 Strategy
Speaker: Yoshiaki Ueno / Executive Director & Group Chief Digital Officer, Mitsubishi UFJ Financial Group (MUFG)
"For DeFi, the priority is integrating financial services seamlessly into real-world business to enable secure, trustworthy transactions," said Ueno. "As a longstanding financial institution, MUFG is actively pursuing this vision. Moving forward, through collaborations with partners like Animoca Brands and UPBOND, we will deliver diverse, practical use cases to our customers."
Web3 Trends and the Future Vision of Astar Network
Speaker: Sohta Watanabe / Founder, Astar Network
Sohta Watanabe, founder of Japan's first public blockchain Astar Network, shared that the project aims to implement multi-chain smart contracts in partnership with industry leaders like Hakuhodo and Sony.
Web3 Market Growth and Potential
Roundtable Panelists: Ciara Sun, Founder of C2 Ventures; Akihiko Tanaka, Co-Founder of IVC; Kobby Chen, Investment Manager at Fenbushi Capital; James Wo, Founder of DFG.
The Web3 market presents a significant growth opportunity, but it must overcome challenges in reliability and scalability. Enhancing UI/UX and establishing clear regulatory frameworks are crucial. Investors and entrepreneurs should remain patient and optimistic about the sector's future.
The Role of Large Institutions in the Web3 Ecosystem
Roundtable Panelists: Jason Sai, Advisor, New Business Development Division, NTT Docomo; Yuya Higuchi, Director, Digital Platform Division, NEC; Masatoshi Hirayama, Head of Web3 Marketing & Product, TOPPAN Printing; Jack Jia, Blockchain Analyst, Deloitte; Tsuyoshi Hirayama, Chief Engineering Manager, New Business Promotion Division, IBM Japan.
NTT Docomo: Large corporations must create small, agile teams to keep pace with innovation and embrace challenges without fearing failure.
NEC: We are restructuring departments and defining clear roles for Web3 initiatives, actively engaging with communities to understand the nuances of digital markets.
TOPPAN Printing: Large enterprises must adopt a culture of experimentation and iteration, sharing both the responsibility for failure and the credit for success. We proactively launch initiatives with the understanding that some may not succeed, and we aim to build Web3 systems through collaboration.
IBM Japan: Collaboration between large corporations and startups is essential to build robust ecosystems and co-develop innovative products.
Deloitte: To bridge the gap between Japan's Web3 ecosystem and those overseas, it's vital to both develop solutions in-house for clients and lead pioneering efforts, such as implementing DAOs.
Web3 and Its Relationship with Daily Life
Roundtable Panelists:
Jiajun Tang, CEO of Ubox; Ran Yi, Co-Founder & CEO of Orderly Network; Lorenzo, Founder of Conflux; Sumit Ghosh, CEO of Chingari App.
Kumamon Performance
Performer: Kumamon
Japan's beloved mascot Kumamon made an appearance at the TEAMZ WEB3 SUMMIT! Kumamon shows great potential for future Web3 activities, including its ongoing NFT projects.
Alibaba Cloud Blockchain x Game Hackathon
Speaker: Unique Song, Regional Manager, Alibaba Cloud Japan.
Alibaba Cloud announced its Blockchain Node Service. Accessible to anyone on public blockchains, the service can reduce infrastructure development time by up to 75%. The summit also hosted the award ceremony for the two-month Game Hackathon.
▪️ Award Ceremony
Grand Prize: Climbers — ¥2,000,000
Excellence Award: Team Kyosei Nyushin — ¥1,000,000
Special Award: C4D (CYBERDIVER) — ¥500,000
Judges’ Special Award: GoLifeHackers
PITCH EVENT
Pitch Presenters: Hiroshi Harada, CFO of Jasmy; Kouji Sato, CEO of PassPay.
Andy Lee / Co-Founder & CEO, Mugen Interactive
Du Ma / CEO, KEKKAI
Yuma Tanemoto / Co-Founder & CSO, CROSSTECH
Y. Kitano / Japan Lead, TUSIMA
Gleb Doykhen / Founder, Game Trade Market
Wehming Tan / Product Manager, CoinsDo
Hiroshi Harada: Our mission is to democratize data through privacy-conscious collection and utilization, with initial use cases targeting call centers and travel agencies.
CTO Chiba (PassPay): We are building the bridge to digital life by developing stablecoins, wallet asset management tools, and payment infrastructure, with a strong focus on marketing and expansion.
Andy Lee (Mugen Interactive): We are innovating in the Web3 gaming market through game development and global expansion, driving growth via our governance token.
Du Ma (KEKKAI): We provide no-code tools for smart contract development and enhance Web3 security. We're also actively fostering collaboration and fundraising within NFT communities.
Yuma Tanemoto (CROSSTECH): We built CROSSTECH as a next-generation L1 blockchain, focusing on the fast-growing field of asset tokenization and expanding real-world use cases.
Y. Kitano (TUSIMA): We offer privacy solutions to bolster security against competitors and malicious actors, enabling fully encrypted transactions.
Gleb Doykhen (GAVETRADE): GAVETRADE powers a decentralized economy and elevates the Web3 gaming industry, with a focus on plugin development and token utility.
Wehming Tan (CoinsDo): We are developing CoinWalete to simplify usability for blockchains that require multiple private keys, with plans to enter the Japanese market.
Web3's Impact: Evolving Opportunities for Exchanges
Panelists: Yuji Kano / CEO, bitFlyer Holdings
Kensuke Amao / Executive Officer, Coincheck
Hironao Kunimitsu / CEO, Financie
Yasuhiro Sasaki / CIO, Rakuten Wallet
So Saito / Representative Attorney, So Sato Law Office
Japan's crypto industry is ripe with growth opportunities, with various players pursuing their unique visions. While the business model for centralized exchanges (CEXs) is now well-established, emerging fields like NFTs, AI, and Web3 are capturing significant attention. The discussion emphasized critical areas such as security, regulatory compliance, product innovation, and community building. Overall, Japan's crypto sector is steadily advancing with clear momentum toward revitalization and development.
Investor Outlook and Key Challenges in Web3
Panelists: Tone Vays / Analyst, Derivatives Trader, and Event Organizer
Kevin Ren / Asia Partner, Cryptogram Venture
Jack Kong / Founder, Nano Labs
Xiao-Hang Yuan / Partner, Skyland Ventures
Zaif Panel
Driving Blockchain Adoption in Japan with SBTs
Speaker: Seiho Yoshida / CEO, HashPort Inc.
Web3 platforms will foster user participation and provide incentives through tokens. As tokenized services become more common, our goal is to collaborate across the industry to realize a decentralized society powered by Soulbound Tokens (SBTs).
The Role of Accelerators in Shaping the Web3 Ecosystem
Speaker:
Earnest Carr / Chief Training Officer, Coinhouse Accelerator
The Coinhouse Accelerator identifies and backs top-tier blockchain projects, leveraging AI technology to fuel their growth. We provide the foundation for innovative blockchain projects and digital assets to succeed by supporting their development and market entry, offering essential resources and expertise. As an accelerator, we deliver comprehensive global support throughout the entire lifecycle—from selection and evaluation to development and promotion—ensuring high-quality solutions for network opportunities and market access. We also champion projects that utilize AI to drive growth and manage risk.
A Thriving Validator Class: Responsibilities and Self-Regulation
Speaker: Daniel Hwang / Co-Founder, Kintsugi Tech
Exhibition Area
TEAMZ Web3 Summit – Day Two Highlights
Japan’s Future Web3 Strategy
Speaker: Masaki Hirai / Liberal Democratic Party (LDP) / Former State Minister for Cabinet Office, Head of the Digital Society Promotion Headquarters (web3PT)
Minister Hirai highlighted the parallel growth of Web3, blockchain, and AI, referencing discussions on crypto assets at the G7, the LDP's forward-looking white paper, and meetings with Digital Minister Koichi Kono. He also noted ongoing developments in Japan, including stablecoin diversification, DAO incentive models, and local government adoption of NFTs. Furthermore, the Japanese government is focused on promoting the country's tourism experiences and culture globally while building a robust token economy.
Future of Chingari: Scaling the Platform with the World’s Largest On-Chain User Base
Speaker: Sumit Ghosh / Founder, Chingari App
Chingari is the fastest-growing on-chain application, setting itself apart from other social platforms by enabling both creators and users to earn income. It currently has 2.8 million on-chain users and primarily serves the Indian short-video market. The app features "Chingari Earn," a function that lets users utilize GARI tokens in audio rooms, live streams, and other features. Wallets are created automatically within the app, removing the need for external third-party wallets. Chingari established this wallet mechanism during the pandemic, allowing users to potentially earn GARI tokens. While currently operating as a Web2 platform, Chingari plans to evolve into a fully decentralized Web3 application.
The platform also supports airdrops and NFT minting, enabling users to own their content as NFTs. Chingari has plans to expand into the Japanese market.
UneMeta Redefines NFTs
Speaker: Ann / CEO, UneMeta
NFTs have seen explosive growth, with tokens representing ownership gaining massive traction amid soaring prices. UneMeta is a platform that blends social features with NFTs, emphasizing their cultural significance. They pioneered the concept of curated NFT trading, focusing on distinctive artworks like those by Kana Hanazawa and Kumamon. Regarding their expansion into Japan, they cited the country's attractive IP and cultural landscape, clear government policies, and advanced regulatory framework. They also highlighted successful case studies involving Kana Hanazawa, fine art, and GameFi, as well as the appealing NFT ticket design created for the TEAMZ WEB3 SUMMIT.
The Value of VC Funds in Web3 Development
Panelists: Joanna Liang / Co-Founder, JSquare
Tony Gu / Partner, NGC Ventures
Jerome / Co-Founder, Everest Ventures Group
Peng Deng / VP, LK Venture
Tianyu Yang / CEO, TEAMZ
Joanna Liang believes the convergence of AI and blockchain, alongside VR evolution, will be pivotal, a view informed by founders' perspectives on trend forecasting. Tony Gu distinguishes between immutable core principles and evolving strategies, stressing the need for continuous self-transformation. For Jerome, infrastructure, finance, and progress management are critical; he anticipates major strides in wallet technology and scalability. Peng Deng emphasized the importance of the transition from Web2 to Web3 and hopes to see broader user adoption of Web3.
On investment priorities, Peng Deng stated that a large user base and strong marketing capabilities are essential. Jerome said adaptability is paramount—the ability to constantly respond to market shifts. Tony Gu noted the importance of choosing the right competitive arena and strategy for winning. Finally, Joanna Liang shared her focus areas: the founder's problem-solving intent, a correct market perspective, team execution, and the importance of community.
Code Audit Standards Required for Web3 Adoption
Panelists: Jian Chen / Head of Slowmist U.S.
Jasper Kanetake / Head of Security at Beosin
Connie Lam / Head of Solutions Architecture at CertiK
Maihime Isohara / Co-Founder of Webacy
Angela Tong / Co-Founder of Fairyproof
The key security distinction between Web2 and Web3 is that Web3 is built on smart contracts and operates on immutable, permissionless blockchains. Companies combat hackers through regular audits, updating threat intelligence, and employee training.
Corporate Values and Web3
Panelists: Takayoshi Okazawa / Co-Founder and Chief Investment Officer of Animoca Brands
Shun Mizuoka / CEO of Upbond
Takayuki Noro / General Manager of MUFG’s Landing Planning Department and Corporate Planning Department
Web3 technologies can redefine corporate boundaries and create incentives for sharing personal data. Furthermore, blockchain has applications in areas like inventory management and carbon credit development, driving transformation across various industries. To stay ahead, businesses must leverage Web3's unique advantages to rethink how they solve problems and deliver new value.
Cointime Announces Strategic Partnership for Japan Market Entry
Speakers: Tianyu Yang / CEO of TEAMZ
Angela Tong / Co-Founder of Cointime
Cointime and TEAMZ have formed a strategic partnership to deliver breaking Web3 news, promote products and projects, and provide investment insights. Cointime is placing a special focus on the Japanese market and has expressed strong interest in the GameFi sector.
12:00–LOOTaDOG Presentation
Speaker: Ryo Kamezawa / Global Operations and Marketing Head of LOOTaDOG
BTC Raffle (Total Prize Pool: ¥1,000,000)
Congratulations to the five winners!
Each winner will receive BTC equivalent to ¥200,000.
Current Investment Trends for Web3 Funds
Panelists: Motoki Tani / Co-Founder of Animoca Brands
Lawrence Chu / Co-Founder and Chairman of VSFG
Tone Vays / Analyst, Derivatives Trader, and Event Organizer
Yawn Rong / Co-Founder of Stepn
Yijin / CEO of Whalefin
Emerging Projects Discuss the Challenges of Building a Decentralized Society
Panelists: Sebastien Guillemot / Co-Founder and CTO of Paima Studios
Adam / Community Leader of Yuliverse
Chris Sharp / CTO of Blockdaemon
Amelie Wu / Co-Founder and CMO of Metaoasis
Optimizing AMM Trading with L3 Technology
Speakers:
Netta Korin / Co-Founder & Chief Investment Officer, Orbs
Stepn Strategic Partnership Announcement
Stepn has announced a collaboration with *Ghost in the Shell: SAC_2045*!! The partnership will feature 1,900 OG sneakers and 100 Genesis sneakers, with 16 unique designs inspired by characters from the anime.
The Importance of Community Strategy and the Power of Participation
Panelists: Changsi Xiao Ye / Co-Founder, DeFimans
Kohei Fujii / Product Manager, Web3 Pocket Campus, Nomura Securities
Yusuke / Founder, Coin Club Japan
Katt Gu / Compliance Officer, MaskNetwork
The panel explored what makes a healthy community, highlighting that members must share both tangible benefits and genuine passion. For community-building, patience and a strong focus on content marketing are essential. The discussion also identified targeted incentives and niche strategies as key to success. Regarding the difference between Web3 communities and others, the panel concluded there is no fundamental distinction—the core goal of bringing people together remains the same.
Zaif Panel
Generative AI and Its Impact on Web3.0
Panelists: Takeshi Hariya / Senior Partner, A.T. Kearney
Yohei Matsuoka / Expert Director / Senior Director, A.T. Kearney
Yuuya Ishikawa / CEO, Gaudiy
Kosuke Hamazaki / Head of Digital Business, President’s Office & General Manager of Human Resources, Sanrio
AI-generated content like UGC and UGIP is attracting significant interest, with panelists noting that storytelling and personal emotional connection can amplify IP value. For NFT-based services, providing real utility to a broad audience is critical. The conversation also addressed the initiatives of large enterprises and the constraints faced by traditional companies, calling for greater collaboration and flexible thinking. Emphasizing the blend of real-world elements with entertainment tech, the panel stressed that both creative and technical experts must work together to engage future users, particularly women.
Web3 and Regional Revitalization
Panelists: Shinpei Matsushita / Chairperson, Ethics Committee of the House of Councillors & Member of the House of Councillors
Takehiro Sugawara / CEO, SOKO LIFE TECHNOLOGY
The Future of WEB3 and Entertainment
Speakers:
VERBAL / Artist & CEO, AMBUSH®
Kenji Yajima / CEO, twinplanet
Sohta Watanabe / Founder, Astar Network & Toshihiro Shiraishi / General Manager, Corporate Strategy Division, Nippon Television Holdings, Inc.
VERBAL is an early pioneer in using cutting-edge tech like motion capture to create immersive virtual entertainment and is deeply engaged with NFTs. While challenges persist in effectively applying Web3 within entertainment, the panel agreed that sparking interest through small-scale experiments is vital. They also highlighted the growing focus on delivering realistic experiences by integrating real-world elements.
Highlights from the Summit Closing Red Carpet Gala
On the evening of May 18, the summit concluded with a red-carpet Gala hosted by organizer TEAMZ. The closing ceremony was attended by 300 guests.
TEAMZ Web3 Summit 2024 Date Announced! At the red-carpet gala, TEAMZ CEO Tianyu Yang revealed that the next TEAMZ Web3 Summit is scheduled for April 11–12, 2024, in Tokyo.
・ Date: April 11–12, 2024
・ Venue: Toranomon Hills Forum
We are now accepting applications for speakers, sponsors, media partners, and pitch sponsors through the official TEAMZ Web3 Summit website. If you're interested in participating, please reach out via the contact form. TEAMZ Web3 Summit: https://web3.teamz.co.jp/
【About TEAMZ】
TEAMZ is an integrated firm that provides business strategy and solutions for web3 enterprises exploring new opportunities. Our globally diverse team of seasoned professionals delivers premium services by leveraging cutting-edge technologies and tools. Through end-to-end support—from planning and development to post-launch services—for web3 offerings like NFTs, DAOs, GameFi, Wallets, and the Metaverse, TEAMZ is at the forefront of Japan's web3 industry.