Rakuten launches NFT marketplace to capitalize on growing adoption in Japan


Main Japanese e-commerce agency Rakuten has announced 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 recognition of nonfungible tokens worldwide. In accordance with Rakuten, the NFT market additionally hosts a platform that enables mental property homeowners to create their very own web sites for issuing and promoting NFTs.

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Cointelegraph contacted the Rakuten staff for additional data on the event, and this story can be up to date as extra particulars change into obtainable.

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

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

In 2021, the worldwide NFT ecosystem skilled great growth. Following a document enhance in commerce volumes and adoption, main gamers in varied sectors started dealing in NFTs.

With the worth of the NFT market persevering with to rise, interest in these progressive property is rising in Japan. In March 2021, the nation’s native crypto trade Coincheck debuted a dedicated NFT marketplace. In July, early cryptocurrency evangelist Mai Fujimoto, higher often known as “Miss Bitcoin,” teamed up with the blockchain gaming ecosystem Enjin to create an NFT charity program in Japan.