Rakuten launches NFT marketplace to capitalize on growing adoption in Japan



Main Japanese e-commerce agency Rakuten has introduced the launch of its personal nonfungible token (NFT) buying and selling platform dubbed Rakuten NFT.

The agency initially revealed its plans to launch a proprietary NFT market in 2021 amid the rising reputation of nonfungible tokens worldwide. In line with Rakuten, the NFT market additionally hosts a platform that enables mental property house owners to create their very own web sites for issuing and promoting NFTs.

Cointelegraph contacted the Rakuten group for additional data on the event, and this story will probably be up to date as extra particulars develop into accessible.

With a inhabitants of over 126 million and a famend popular culture that features anime and manga, many individuals suppose that Japan has the power to spice up the adoption of blockchain belongings equivalent to crypto collectibles.

Associated: 26% of crypto traders in Japan tried out NFTs: Survey

In 2021, the worldwide NFT ecosystem skilled super growth. Following a file improve in commerce volumes and adoption, main gamers in numerous sectors started dealing in NFTs.

With the worth of the NFT market persevering with to rise, curiosity in these modern belongings is rising in Japan. In March 2021, the nation’s native crypto change Coincheck debuted a devoted NFT market. In July, early cryptocurrency evangelist Mai Fujimoto, higher generally known as “Miss Bitcoin,” teamed up with the blockchain gaming ecosystem Enjin to create an NFT charity program in Japan.



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