Rakuten launches NFT marketplace to capitalize on growing adoption in Japan

2 years ago

The detonation of NFT popularity successful 2021 is continuing apace successful the caller year.

Rakuten launches NFT marketplace to capitalize connected  increasing  adoption successful  Japan

Major Japanese e-commerce steadfast Rakuten has announced the motorboat of its ain nonfungible token (NFT) trading level dubbed Rakuten NFT.

The steadfast initially revealed its plans to motorboat a proprietary NFT marketplace successful 2021 amid the increasing popularity of non-fungible tokens worldwide. According to Rakuten, the NFT marketplace besides hosts a level that allows IP owners to make their ain websites for issuing and selling NFTs.

Cointelegraph contacted the Rakuten squad for further accusation connected the development, and this communicative volition beryllium updated arsenic much details go available.

With a colonisation of implicit 126 cardinal and a renowned popular civilization that includes anime and manga, galore radical think that Japan has the quality to boost the adoption of blockchain assets specified arsenic crypto-collectibles.

#NFT adoption is forecast to summation astir the satellite successful future, a ample fig of radical inactive don’t cognize what NFTs are.

Japan: 90%

Germany: 82.6%

UK: 78.8%

Argentina: 75.5%

US: 70.6%

Canada: 65.8%

Nigeria: 52.0%

<Finder. com>#TheCableIndex

— TheCableIndex (@thecableindex) November 24, 2021

Related: 26% of crypto investors successful Japan tried retired NFTs: Survey

In 2021, the worldwide NFT ecosystem experienced tremendous development. Following a grounds summation successful commercialized volumes and adoption, large players successful assorted sectors began dealing successful non-fungible tokens.

With the worth of the NFT marketplace continuing to rise, interest successful these innovative assets is increasing successful Japan. In March 2021, the country's section crypto speech Coincheck debuted a dedicated NFT marketplace. In July, aboriginal cryptocurrency evangelist Mai Fujimoto, amended known arsenic Miss Bitcoin, teamed up with the blockchain gaming ecosystem Enjin to make an NFT foundation programme successful Japan.

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