Japan’s Hakuhodo to Start Joint Venture With Crypto Entrepreneur

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Japanese advertising firm Hakuhodo DY Holdings Inc. will set up a joint venture with one of the nation’s best-known crypto entrepreneurs to help clients build so-called Web3 business.

Hakuhodo Inc., a flagship subsidiary of the Tokyo-based firm, plans to launch the startup this year with Stake Technologies Pte., a Singapore-based Web3 infrastructure developer headed by Sota Watanabe, according to a statement on Tuesday.