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HomeUpcoming NFTOne of Japan's Largest Banks Just Unveiled NFT Plans

One of Japan’s Largest Banks Just Unveiled NFT Plans

Strictly when was the last time you heard about Japan’s NFT project? How many Japanese NFT artists are making big waves in space?

Of course, I’m 9 years old Zombie Zoo Keeper.. However, NFTs are not treated very enthusiastically in Japan. And to be honest, this is pretty amazing.

For starters, there is an upcoming NFT collection based on Hello Kitty Franchises and many prominent Japanese game developers have already jumped into this area.As a good example, SQUARE ENIX launches the world-famous dieselpunk classic NFT. FINAL FANTASY VII.. However, the reception received even by these big names was quite lukewarm.

other than Axie Infinity’s popularity In Japan, there is not much enthusiasm for NFT projects in Japan. But that may change soon-at least in the financial sector.

Japanese banking institution Sumitomo Mitsui Banking Corporation (SMBC) Just announced Working to provide a variety of NFT and crypto-related services to millions of Japanese customers. What is the first step? Promotion of Web3 itself.

To help SMBC take the first step towards Web3 Hashport.. Hashport describes on the company’s website as “a utility that enables digital assets to move between networks in a fast, secure, and cost-effective manner.” Hashport’s suite of services includes a variety of tokenization solutions and listing services. These will be fully utilized in SMBC and Hashport’s upcoming Business Token Labs.

Ultimately, through this lab, SMBC hopes to get its vast customer base involved in the survey, conduct the survey, and serve as a cryptocurrency and NFT advocate in Japan as well. In particular, SMBC hopes that the research and data collected by the Business Token Lab and its efforts to promote locally decentralized finance will enable it to establish its own token business in the near future.

SMBC also showed an interest in providing Web3 consulting services to its customers in the future. The company also states that it will eventually issue NFTs to its customers. However, we still don’t know what these NFTs are.

Japan’s dominance in the arts, entertainment and video game industries could benefit the world as a whole by the widespread adoption and acceptance of Web3 among Japanese consumers and businesses.

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