IVS2024 KYOTO / IVS Crypto 2024 KYOTO: Day 2 Highlights

IVS2024 KYOTO / IVS Crypto 2024 KYOTO: Day 2 Highlights

The second day of IVS2024 KYOTO and IVS Crypto 2024 KYOTO burst into life with an electrifying atmosphere, building on the momentum of the opening day.

As attendees flooded in at 10:00 AM, the air was thick with anticipation for a day packed with groundbreaking discussions, innovative showcases, and networking opportunities.

The day kicked off with a comprehensive analysis of Japan's startup ecosystem in a global context. Experts highlighted Tokyo's position as the 10th-ranked city globally for startups, while also addressing the challenges faced by Japanese startups, such as the tendency for smaller exits despite strong knowledge bases.

The session emphasized the need for regulatory reforms and a widespread entrepreneurial mindset to elevate Japan's startup scene further.

In a unique blend of technology and entertainment, the IVS Crypto opening featured a live performance by CoinMusume, setting an energetic tone for the Japan Blockchain Week Summit.

This was quickly followed by a crucial discussion on cryptocurrency taxation in Japan, highlighting the current high tax rates as a significant barrier to entry and emphasizing the importance of aligning Japanese tax policies with international standards to foster growth in the crypto sector.

The intersection of AI and Web3 took center stage with the "Prince JAM!" anime contest, showcasing breathtaking short animations created using generative AI. This session not only displayed the creative potential of AI in anime production but also sparked discussions about the future of the anime industry in the age of artificial intelligence.

KONAMI's presentation on their NFT solution, Recela, on the Avalanche blockchain, offered insights into the challenges and strategies of developing Web3 games. The session underscored the importance of building a solid foundation, both technologically and legally, to create blockchain games that can compete on a global scale.

A highlight of the day was the candid discussion about balancing career and family life, featuring the Samata family. This session resonated deeply with attendees, offering hope and practical insights for those juggling entrepreneurship and parenthood.

The conference also cast its gaze towards the future, with a session on the 2025 Osaka Kansai Expo. Speakers detailed plans for a cashless expo site, leveraging Web3 technologies, and using the event as a launchpad for Japan's broader digital transformation.

Space business took the spotlight in the afternoon, with discussions on the challenges and opportunities in the sector. Experts predicted that space-related businesses would become commonplace in 10-20 years, highlighting the Japanese government's ambitious investment plans in this area.

The day culminated in the highly anticipated IVS2024 LAUNCHPAD KYOTO, a premier pitch contest for startup entrepreneurs. The event, held on a grand scale by combining the main stages of NEXT CITY and Crypto, saw RENATUS ROBOTICS clinch both the first place and the audience award with their revolutionary high-density automated warehouse system.

As Day 2 drew to a close, the venue buzzed with networking and business discussions, setting the stage for an exciting final day.

The success of the second day, marked by full houses and overflow viewing areas, underscored the event's significance in shaping the future of innovation and entrepreneurship in Japan and beyond.