SBI Holdings to Launch NFT Service on XRP Ledger for Expo 2025
SBI Holdings, a major financial firm in Japan, has announced its plans to introduce a new Non-Fungible Token (NFT) service on the XRP Ledger (XRPL). The collaboration between SBI VC Trade and SBINFT will result in the creation of a digital collectible called “EXPO2025 Digital Wallet NFT” or “Myakoon!” This NFT will be accessible through a dedicated website developed by SBI VC Trade.
About Expo 2025
The upcoming 2025 Expo in Osaka, Kansai, is a Global Exposition authorized and coordinated by the Bureau International des Expositions. It is set to take place from April 13, 2025, to October 13, 2025. The Expo serves as a platform for global advancements and aims to address international challenges. It follows Japan’s successful hosting of the inaugural exposition in Asia in 1970 and the Aichi Exposition in 2005.
The Myakoon! NFT Service
SBI Holdings plans to launch the Myakoon! NFT service in May 2024 as part of its broader NFT collection project for Expo 2025. The company intends to make this service available to an estimated 28 million attendees. However, these NFTs will not be transferable or resellable in secondary markets. Attendees can earn additional NFTs by completing specific tasks during and after the event.
Integration with XRP Ledger
SBI Holdings’ decision to utilize the XRP Ledger for the NFT project aligns with its previous endorsement of the blockchain. The company recognized the XRP Ledger as an ideal choice for NFT applications due to its low transaction fees and instant settlement capabilities.
Hot Take: SBI Holdings Embraces NFTs on XRP Ledger for Expo 2025
SBI Holdings, a prominent financial firm in Japan, is diving into the world of Non-Fungible Tokens (NFTs) by launching a dedicated NFT service on the XRP Ledger. This move comes ahead of the highly anticipated Expo 2025 in Osaka, where SBI Holdings is one of the principal sponsors. By introducing the “Myakoon!” NFT collectibles, SBI aims to engage with the expo attendees and offer them a unique digital experience. While these NFTs won’t be tradable or resellable, participants can earn more by completing specific tasks during and after the event. With this initiative, SBI Holdings demonstrates its commitment to blockchain technology and its potential in the NFT space.
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