Japan’s Otaku Coin Association has announced leading figures from the anime and the blockchain industry to join its leadership team.
On July 27 article Japanese news outlet AdverTimes reported that executives from Dentsu Japanimation Studio and the Hakuhodo Blockchain Initiative will be joining the Otaku Coin Association (OCA) as new directors.
#オタクコイン協会 は7月27日、「Dentsu Japanimation Studio」代表の #武藤隆史 氏、「HAKUHODO Blockchain Initiative」の #伊藤佑介 氏の2名が理事に就任したと発表した。#オタクコインhttps://t.co/WbsYcEQ1dT — AdverTimes（アドタイ） (@advertimes) July 27, 2020
The OCA appointed Makashi Muto from Dentsu and Yusuke Ito of Hakuhodo to its team.
In September 2018, the association started distributing 6 million tokens among 15,000 participants for free.
However, the OCA intends to launch a fundraiser in 2021 to eventually move the coins to the blockchain.
The namesake of the Otaku Coin is a Japanese term for “superfan,” or someone obsessed with a particular niche of pop culture.
The token is a community currency targeting fans of Japanese anime, comics, and games.
In recent reports, the number of cryptocurrency and blockchain-related companies in Japan increased by more than 30% in 2020, with many of the businesses having ties to popular games in the country.
However, many forms of gambling are still illegal in Japan, creating regulatory concerns for developers looking to move to the blockchain.