Japanese Online Retail Giant Rakuten Launches NFT Marketplace – Bitcoin News

Rakuten Group (Japan’s electronic commerce and online shopping company) has officially launched Rakuten NFT, a new non-fungible token marketplace. It is stated that future features will be introduced and that the launch of a peer-to–peer platform for creating and selling NFT content in the future is planned.

Rakuten Launches Non-Fungible Token Marketplace

Rakuten, a Japanese online retailer giant has explored blockchain and cryptocurrency solutions over the past few years. Rakuten introduced a cryptocurrency exchange in summer 2019. In spring 2021, Rakuten made it possible for customers to deposit crypto into RakutenPay accounts. Rakuten NFT is now a company that Rakuten has launched.

“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 is available for purchase, which allows users to spend Rakuten points and earn 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 is following several businesses who have created NFT marketplaces in the past twelve months. Coinbase, FTX and Crypto.com are just a few of the companies that have created marketplaces for non-fungible token (NFT), collectibles. Rakuten NFT is also competing with other NFT marketplace platforms like Opensea and Rarible. 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 to Launch J.League NFT Collection

Rakuten NFT launched with NFTs featuring Ultraman manga and Kurogane Hiroshi Gekitoshi, illustrated by 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.

This story contains tags
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

Rakuten is launching an NFT platform. What do you think? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been an active participant ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.




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