Fracton Ventures co-founders Naoki Akazawa, Yudai Suzuki, and Toshihiko Kamei
Next week, Web3 enthusiasts in Asia will participate in an event called DAO Tokyo which dubs itself the first DAO event on the continent. Held on April 13 at Kanda Myojin Hall in Tokyo, the event aims to foster the growth of the DAO community in Asia by creating awareness, encouraging the creation, and facilitating development.
The event was held with the background of Japan’s digital ministry effort to further understand the Web3 industry by issuing its intent to convert its Web3 study group initiative into a DAOs (in Japanese). The goal was to do a deeper survey on Web3 and its potential–to convince the government to invest further in Web3 technologies and systems.
This is the opportunity that Fracton Ventures aims to seize.
Founded in 2021, Fracton Ventures is dedicated to creating a thriving global Web3 ecosystem. Its mission is to provide support, guidance, and resources to entrepreneurs and projects while forging strong partnerships to establish Japan as a leading contributor to the Web3 and DAO communities. They also help to support the Web3 ecosystem through the content on its YouTube channel.
Since their launch, the company has run two successful incubation programmes, supporting a total of 18 projects. The incubator aims to continue developing and creating during the incubation phase.
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In an interview with e27, Fracton Ventures co-founders Naoki Akazawa, Yudai Suzuki, and Toshihiko Kamei explain why Japan is an ideal place for the programme despite challenges such as the language barrier and the lack of a crypto investor ecosystem.
“Japan has a high level of technological innovation, and its regulatory environment is favourable to the development of blockchain technology. Additionally, Japan has a large population of tech-savvy individuals who are interested in blockchain technology and its potential applications,” says Suzuki.
Fracton Ventures is looking for companies developing innovative solutions in the finance and cryptocurrency industries. The company is interested in projects that have the potential to create public goods protocols and expand the ecosystem. It is also looking for entrepreneurs who are passionate about their projects and willing to work hard to achieve their goals.
To join the programme, companies must have a strong team and a clear vision for their project. They must also be willing to work hard and be open to feedback and guidance from the incubator. Additionally, companies must be willing to contribute to the public goods ecosystem and create protocols that will benefit the entire industry.
In the interview, Fracton Ventures also discuss the up-and-downs of the crypto industry and how they prepare their companies to deal with it.
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“The crypto industry is known for its volatility, and companies in the industry must be prepared to deal with the ups and downs. Fracton Ventures prepares companies for the volatile nature of the industry and helps them develop strategies to mitigate risk. The incubator also helps companies navigate the regulatory environment and comply with local laws and regulations,” explains Kamei.
In addition to the major event, Fracton Ventures plan to focus on incubating and creating public goods innovation on a global level this year, with the help of global partners. The programme aims to create a community around the Asia region and bridge the gap between DAO East and DAO West.
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Image Credit: Fracton Ventures
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