EchoX Completes Seed Funding and Establishes Advisory Company with Japan’s Largest Blockchain Media!
Web3 company EchoX, incubated by LeadBest Group and dedicated to data assetization solutions, has announced the successful completion of its seed funding round. The round was participated by CoinPost Group, Japan’s largest blockchain media, public chain NERO Holdings, and strategic investment institutions from Taiwan, Hong Kong, Singapore, and other regions.
In addition to the news of EchoX’s completion of seed funding, LeadBest Group, CoinPost Group, and NERO Holdings have also jointly established SUDACHI Tech in Japan to promote the transformation of Japanese companies to Web3 through advisory and executive services.
LeadBest Group CEO Li Jianxian said, “Last year, Japanese Prime Minister Fumio Kishida announced Web3 as a national strategy for Japan, and the Japanese government is fully committed to resource allocation and providing a friendly regulatory environment to foster its growth.”
International market research firm Statista predicts that the size of the Japanese software market will 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 important partners will work together to expand the market in Japan, integrate industry, government, and academia, strengthen the application of Web3 technology within Japanese companies, and strive to achieve the goal of over 100 million in revenue within the next three years.
Why is the Japanese Web3 market promising?
CoinPost Group President Takahito Kamimura stated that in overseas markets, the development of the Web3 industry is usually led by technology startups. However, in Japan, it is mostly led by large corporations, including Toyota, Panasonic, and traditional banks, all of which are actively engaged in Web3-related businesses.
Due to the lack of a large number of Web3 startups, there is still a lot of business development potential in the Japanese Web3 industry, including media, technology development, and marketing.
For companies looking to expand their business in the Japanese market, there are still many opportunities to explore.
Li Jianxian, CEO of LeadBest Group, explained that aside from China, the software market in Japan is the largest in Asia. Therefore, connecting Taiwan’s software development capabilities with the Japanese market is an important goal.
In addition, 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.
Furthermore, with the growing popularity of Real World Asset (RWA) tokenization, “digital assets” will become the most important asset class in the future.
The solution platform provided by EchoX can promote the verification and promotion of digital assets.
(Left to right) CoinPost Group President Takahito Kamimura, LeadBest Group CEO Li Jianxian, NERO Holdings COO Paul Lei, gathered at the Taipei JR East Japan Hotel to sign a strategic cooperation agreement between Taiwan and Japan.
EchoX aims to promote Taiwan’s software technology soft power globally
EchoX, which previously collaborated with Michelin-starred chef Jiang Zhencheng to launch “Edible NFT: We Are What We Eat”, has successfully transformed into a Web3 data assetization solution provider in recent years. Important cooperation clients of EchoX include Dentsu Taiwan and Yulon Group.
In addition to having successful cases of cooperation in Taiwan, the EchoX team collaborated with the official Berlin Fashion Week to create an exclusive NFT passport at this year’s Yoonaverse technology forum. Furthermore, they have established partnerships with SheisDAO, a female-focused Hong Kong community, and WLOUNGE, a high-end membership community brand in Germany.
Now, LeadBest, the parent company of EchoX, is committed to promoting Taiwan’s soft power in software technology globally. This strategic cooperation alliance has received support from the Japanese government, which actively promotes Web3 and digital transformation. It is particularly suitable for industries with high user stickiness, such as automotive, insurance, media, entertainment, and ticketing, to meet their urgent transformation needs.
Through this strategic cooperation, LeadBest hopes to lead more Taiwanese technical teams to conduct on-site verification overseas. After achieving phased results in the Japanese market in 2024, they plan to expand their presence in the Asia-Pacific market and replicate their successful experience in more countries.
EchoX’s Revenue Director Du Yizhong stated that the company is committed to leading traditional enterprises to interact more deeply with their customers and members through blockchain technology, rather than just using NFT as a marketing gimmick. Du Yizhong also hopes that traditional enterprises can truly see the potential of blockchain technology.