The Sumitomo Mitsui Banking Corporation in Japan has established a new business collaboration facility called HOOPSLINK in Tokyo, focusing on Web3 and Generative AI technology.

BlockBeats News, July 4th, according to CoinPost, Sumitomo Mitsui Banking Corporation, a subsidiary of Sumitomo Mitsui Financial Group, announced the opening of a new business co-creation facility named "HOOPSLINK" in the Marunouchi Building in Chiyoda-ku, Tokyo. The facility aims to address diverse and complex social issues through advanced technology to promote further economic growth in Japan.

Sumitomo Mitsui Banking Corporation stated that in the current environment, businesses must leverage emerging technologies such as generative AI, Web3, and cybersecurity to tackle various societal challenges. HOOPSLINK will host workshops and seminars on cutting-edge technologies and drive projects such as stablecoin commercialization and augmented reality glasses applications.