Japanese mobile operator NTT Docomo plans up to $4 billion web3 investments

Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter earnings report.

The mobile provider disclosed that it also plans to form a web3-focused business in 2023. It listed four key functions related to web3 enablement: A blockchain wallet, crypto asset exchange, token issuance and security.