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- Rakuten Group has announced the launch of Rakuten NFT, a non-fungible token (NFT) market.
- Rakuten NFT Is Getting Ready to Launch in a J.League NFT Collection.
Rakuten Group, Japanese electronic commerce and online retail corporation located in Tokyo have announced the launch of Rakuten NFT, a non-fungible token (NFT) marketplace. According to the release, further features will be introduced in the future, and a peer-to-peer service for minting and selling NFT content will open in 2023.
Launch of Non-Fungible Token Exchange
Rakuten, the Japanese online retail company, has been playing with the area of cryptocurrencies and blockchain technologies in recent years. Rakuten started a cryptocurrency exchange in the summer of 2019, and users were able to deposit bitcoin into Rakuten Pay accounts in the spring of 2021.
According to the press release, “Rakuten NFT is a service that offers users with a marketplace for receiving NFTs as well as peer-to-peer purchasing and selling of NFTs in a range of areas.”. including sports and entertainment.” “It also includes a one-of-a-kind, all-in-one platform that allows IP holders to build their own website for issuing and selling NFTs,” says the company. Customers may earn and spend Rakuten Points by using their Rakuten ID while making transactions. Any NFTs acquired can be added to a collection on the buyer’s personal website.
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Launch in a J.League NFT Collection
Rakuten NFT Is Getting Ready to Launch in a J.League NFT Collection
NFTs showing Ultraman anime and Kurogane Hiroshi G1 Gekitoshi with work drawn by renowned manga artist Hiroshi Kurogane were presented during the Rakuten NFT launch.
Rakuten NFT will release collectibles from the TV Asahi Corporation series, Under Beasty from Daiki Sound Co., and NFTs depicting characters from Tiger & Bunny 2 in the future.
“Rakuten NFT also intends to manufacture and market the J.League NFT Collection Players Anthem, the official NFT collection of the J.League,” the company’s NFT platform release says.
Rakuten joins a growing list of companies that have established NFT markets in the recent year.
Companies like Coinbase,Crypto.com, FTX, and others have created marketplace platforms for non-fungible token (NFT) collectibles. Rakuten NFT also competes with top NFT market platforms such as Opensea, Rarible, Looksrare, and Magic Eden. According to Rakuten’s press release, a minting and selling function will not be accessible until next year.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
