Rakuten, a Japanese electronic retailer, is actively experimenting with the area of blockchain tech and crypto for the past couple of years. It started a crypto exchange four years ago and permitted consumers to deposit bitcoin into their payment wallets last year. It has unveiled the creation of a unique network named Rakuten NFT, which is the firm’s first foray into the non-fungible token space.
The news release states that Rakuten NFT is a platform that offers a platform for consumers to acquire non-fungible tokens. It allows purchasing and sale of tokens, in a variety of fields like culture and sports, encompassing audio and animation. It also includes a common interface that facilitates IP users to create their web pages to issue and trade tokens. Consumers may collect and redeem Rakuten Rewards by using their unique IDs while completing transactions. All NFTs acquired could be stored in a library on the customer’s website, or they can be listed on the platform and traded.
Rakuten has been tracking a handful of companies that had established NFT markets in 2021. Trade systems specialized in NFT items have been developed by businesses such as FTX, Crypto.com, Coinbase, etc. Furthermore, top non-fungible token trade systems like Magic Eden, Looksrare, Rarible, and Opensea compete with Rakuten NFT. According to their press release, an issuing and trading function will only be accessible in 2023.
J League Assortment will be launched by Rakuten NFT:
Tokens showing Ultraman animation and artwork drawn by famous character designer Hiroshi Kurogane were exhibited during the Rakuten NFT unveiling.