Web3
"Web 3" is a term coined by Ethereum co-founder Gavin Wood in 2014 to refer to a decentralized Internet ecosystem based on blockchain. It has attracted attention as a realization of a world where individuals can manage their data and assets more independently, free from the centralized Internet of IT giants. In Japan as well, research and practice of Web3 is being conducted by government agencies, large corporations and start-ups.
When doing business in Web3, it is necessary to deal with a wide range of legal issues, such as legal distinctions between equity funding and crypto funding, issues in conflicts between shareholder decisions and governance token decisions, and how to comply with financial and other regulations.
In addition to our experience in advising financial institutions, we have established a study group led by lawyers who have worked in Web3 companies in order to review the latest developments. We assist our clients in dealing with the complex legal issues, including issues related to ownership and transactions in digital assets (e.g., applicability of gambling laws), legal treatment of smart contracts, privacy and security issues, and rulemaking, by providing legal opinions, liaison with government agencies, and drafting terms of use for specific services.
As Web3 continues to evolve, new technologies will create new legal issues. We are committed to providing the best legal services to help our clients succeed as they open new horizons.