EchoX Completes Seed Funding and Establishes Consulting Company with Japan’s Largest Blockchain Media!
EchoX, a Web3 company incubated by LeadBest Group and dedicated to data assetization solutions, has announced the successful completion of its seed funding round. The round saw participation from CoinPost Group, Japan’s largest blockchain media company, as well as NERO Holdings, a public chain, and strategic investment institutions from Taiwan, Hong Kong, Singapore, and other locations.
In addition to the announcement of EchoX’s completion of seed funding, LeadBest Group, CoinPost Group, and NERO Holdings have jointly established SUDACHI Tech in Japan to promote the transformation of Japanese companies into Web3 through consulting and execution.
LeadBest Group CEO Jason Li said, “Japanese Prime Minister Fumio Kishida declared Web3 as a national strategy for Japan last year, and the Japanese government has committed resources and provided a friendly regulatory environment to support its growth.”
According to market research firm Statista, the size of the Japanese software market is expected to reach $10.4 billion in 2024, with total revenue expected to reach $25.1 billion. To gain a competitive advantage in the Japanese market, LeadBest and its two key partners will work together to expand the market in Japan, integrate connections between industry, government, and academia, strengthen the application of Web3 technology within Japanese companies, and strive to achieve the goal of generating over $100 million in revenue within the next three years.
Why is the Japanese Web3 market promising?
CoinPost Group President Takahito Kakumu stated that in overseas markets, the development of the Web3 industry is typically led by tech startups. However, in Japan, it is mostly led by large corporations, including Toyota, Panasonic, and traditional banks, who are actively engaging in Web3-related businesses.
Due to the lack of a large number of Web3 startups, there is still significant room for business development in Japan’s Web3 industry, including in media, technology development, and marketing.
For companies looking to expand their business in the Japanese market, there are still many opportunities to explore.
Jason Li, CEO of LeadBest Group, explained that excluding China, the Japanese software market is the largest in Asia. Therefore, connecting Taiwan’s software development capabilities with the Japanese market is an important goal.
Furthermore, when it comes to the hottest trend of artificial intelligence (AI), data is crucial, and blockchain technology can transform this data into verifiable digital assets.
With the growing track of Real-World Asset (RWA) tokenization, “digital assets” will become the most important asset category in the future.
The solution provided by the EchoX platform can promote the verification and promotion of digital assets.
EchoX aims to promote Taiwan’s software technology soft power globally
EchoX has previously collaborated with Michelin-starred chef Jiang Zhencheng to launch “Edible NFTs: We Are What We Eat.” In recent years, it has successfully transformed into a provider of Web3 data assetization solutions, with important cooperation clients including Dentsu Taiwan and Yulon Group.
In addition to having collaboration cases in Taiwan, the EchoX team has partnered with the official Berlin Fashion Week technology forum Yoonaverse this year to create an exclusive NFT pass. Moreover, it has established partnerships with SheisDAO, a female-oriented Hong Kong community, and WLOUNGE, a German high-end membership community brand.
Now, with the commitment of its parent company LeadBest to promote Taiwan’s software technology soft power globally, this strategic alliance with the three parties has received support from the Japanese government in actively promoting Web3 and digital transformation. It can collaborate to introduce Web3 solutions into the digital transformation of Japanese companies, especially in industries with high user stickiness such as automotive, insurance, media, entertainment, and ticketing, meeting their urgent transformation needs.
Through this strategic collaboration, LeadBest hopes to lead more Taiwanese technology teams to conduct on-site verifications overseas. After achieving phased results in the Japanese market by 2024, it will expand its deep cultivation in the Asia-Pacific market and replicate its success in more countries.
EchoX Revenue Growth Manager Du Yizhong stated that the company is committed to guiding traditional enterprises to interact more deeply with their customers and members through blockchain technology, rather than just using NFTs as a marketing gimmick. Du Yizhong also hopes that traditional enterprises can truly see the potential of blockchain technology.
