Animoca Brands Japan Invests in Passion Labs, Fostering Web3 Growth in Japanese Companies

02/24/2023 02:12 • NFT Newsflash • 159 views

On February 24, the Web3 user community participation platform Passion Labs was invested by Animoca Brands Japan. After that, the two will cooperate to help Japanese companies use the technology of Passion Labs to conduct KOC (key opinion consumer) analysis, develop corresponding Web3 strategies and create Web3 communities.

Web3 user community participation platform Passion Labs was invested by Animoca Brands Japan

Interpret the above information:

Passion Labs, a user community participation platform that enables community members to earn tokens for their contributions, has been invested in by Animoca Brands Japan, a leader in blockchain technology-based gaming and non-fungible tokens. This move is aimed at spurring the growth of the Web3 ecosystem in Japan and helping Japanese companies embrace and benefit from this digital revolution.

Web3 technologies, also known as decentralized web technologies, are the next stage in the evolution of the internet. Web3 is built on blockchain technology, which creates a decentralized and transparent ecosystem that allows for more secure and efficient transactions. In the case of Passion Labs, its Web3 technology can be used to create online communities where consumer insights are gathered, analyzed, and rewarded using blockchain-based tokens.

This collaboration between Passion Labs and Animoca Brands Japan will benefit Japanese companies looking to conduct KOC (key opinion consumer) analysis, develop corresponding Web3 strategies and create Web3 communities. Key opinion consumers are individuals with a particular interest or expertise in a given field. By connecting with such individuals, companies can gain valuable insights into consumer behavior.

Using data insights gathered by Passion Labs through Web3 technology, Japanese companies will be able to create community-driven strategies that align with the needs of key opinion consumers. Furthermore, this collaboration will help to foster the growth of the Web3 ecosystem in Japan, as companies will begin to embrace and invest in this digital trend.

In conclusion, this partnership between Passion Labs and Animoca Brands Japan is a significant step towards the growth and adoption of Web3 technologies in Japan. By using Passion Labs’ Web3 technology to conduct key opinion consumer analysis, Japanese companies can create more relevant and personalized strategies, thereby improving overall consumer satisfaction. This is a welcome development in the digital revolution, given how important consumer insights are for companies looking to succeed in today’s competitive business landscape.

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