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Rakuten Announces Launch Of Its Own NFT Trading Platform

Rakuten, the major Japanese e-commerce firm, has announced the launch of its own nonfungible token (NFT) trading platform named “Rakuten NFT.”

It has been reported that the firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of nonfungible tokens worldwide.

However, according to Rakuten, the NFT marketplace also hosts a platform that allows intellectual property owners to create their own websites for issuing and selling NFTs. With a population of over 126 million and a renowned pop culture that includes anime and manga, many people think that Japan has the ability to boost the adoption of blockchain assets such as crypto-collectibles.

The report said that in 2021, the worldwide NFT ecosystem experienced tremendous development. Following a record increase in trade volumes and adoption, major players in various sectors began dealing in NFTs. With the value of the NFT market continuing to rise, interest in these innovative assets is growing in Japan. In March 2021, the country’s local crypto exchange Coincheck debuted a dedicated NFT marketplace.

Thus, “Miss Bitcoin,” teamed up with the blockchain gaming ecosystem Enjin to create an NFT charity program in Japan.

Source: Cointelegraph



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