Japanese Online Retail Giant Rakuten Launches NFT Marketplace
Rakuten Group, the Japanese electronic commerce and online retail company based in Tokyo has announced the launch of a non-fungible token (NFT) marketplace called Rakuten NFT. The announcement notes that new features will be added in the future, and a peer-to-peer service for minting and selling NFT content is planned to launch in 2023. Rakuten Launches Non-Fungible Token Marketplace
During the last few years, the Japanese online retail giant Rakuten has been dipping its feet into the world of cryptocurrencies and blockchain solutions. In the summer of 2019, Rakuten launched a cryptocurrency exchange and in the spring of 2021, Rakuten allowed customers to load crypto into Rakuten Pay accounts. Now the company is getting into the NFT game, as Rakuten announced the launch of a new platform called Rakuten NFT.
“Rakuten NFT is a service that provides a marketplace for users to purchase NFTs, as well as peer-to-peer buying and selling of NFTs, in a range of areas such as sports and entertainment, including music and anime,” the press announcement explains. “It also features a unique, one-stop platform which enables IP holders to build their own website for issuing and selling NFTs. Rakuten ID can be used when making purchases, allowing users to earn and spend Rakuten Points. Any NFTs purchased can be added to a collection on the buyer’s own webpage, and can also be put up for sale in the marketplace and sold.”
Rakuten follows a number of businesses that have launched NFT marketplaces during the last 12 months. Companies like Coinbase, FTX, Crypto.com, and many others have launched marketplace platforms dedicated to non-fungible token (NFT) collectibles. Additionally, Rakuten NFT faces competition from leading NFT market platforms such as Opensea, Rarible, Looksrare, and Magic Eden. Rakuten’s press announcement notes that a minting and selling feature won’t be available until next year.
“A service for peer-to-peer issuing and selling of NFT content is planned for launch in 2023 or later, which will support IP holders in Japan and worldwide to issue NFTs, as well as spur further development of a global market for NFTs. Plans also call for the introduction of a diversity of additional payment methods,” Rakuten’s launch announcement discloses. Rakuten NFT Plans to Launch J.League NFT Collection
The Rakuten NFT launch featured NFTs showcasing Ultraman anime and Kurogane Hiroshi G1 Gekitoshi with work illustrated by the renowned manga artist Hiroshi Kurogane. In future NFT drops, Rakuten NFT will feature collectibles from TV Asahi Corporation shows, Under Beasty from Daiki Sound Co., and NFTs featuring characters from Tiger & Bunny 2.
“Rakuten NFT is also planning to produce and sell the J.League NFT Collection Players Anthem, the J.League official NFT collection,” the company’s NFT platform announcement concludes. Tags in this story Coinbase, Crypto.com, ftx, Hiroshi Kurogane, J.League, Japan, Kurogane Hiroshi G1 Gekitoshi, looksrare, Magic Eden, nft, NFT Market, NFT marketplace, NFTs, Non-fungible Token, Opensea, Rakuten, Rakuten Group, Rakuten ID, Rakuten Market, Rakuten NFT, Rakuten Pay, Rarible, Tokyo, TV Asahi Corporation, Ultraman anime
What do you think about Rakuten launching an NFT marketplace? Let us know what you think about this subject in the comments section below. Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT NEWS | 33 mins ago Elon Musk Hears Kyiv’s Call, Activates Starlink Service in Ukraine NEWS | 11 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEthereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months Next articleA Breathtaking Hunting Metaverse: MetaShooter Launch on KICK․IO Starting February 28 Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFarmville Creator Zynga to Launch NFT Games, Says Gaming Firm"s Blockchain Lead
American social game developer Zynga has plans to launch non-fungible token (NFT) games in the near future. Zynga’s vice president of blockchain, Matt Wolf, told the press that the company is looking at the cycle right now and “figuring out ... read more.JPMorgan Predicts Long-Term Bitcoin Price of $150K — Outlines Challenges Ahead Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India