Japanese Mobile Company NTT Docomo Announces Plans For $4 Billion Investment in Web3
Japanese leading mobile phone operator NTT Docomo plans to invest over 600 billion yen ($4 Billion USD) into Web3-infrastructure and blockchain technology, the company announced on Tuesday.
NTT Docomo is collaborating with IT company Accenture to 'accelerate the adoption and application of Web3', with a focus on promoting environmental, social, and governance issues — in addition to establishing secure Web3 tech platforms and developing talent in the field.
"The ultimate goal of the collaboration between NTT DOCOMO and Accenture is to facilitate the adoption of Web3 globally — enabling everyone to enjoy its advantages and benefits — while positioning Japan as a leading Web3 market," Accenture said via press release.
NTT Docomo also announced plans to create a Web3-focused business in 2023, according to Nikkei Asia.