April 14, 2021 | less than a minute read

Non-Fungible Tokens (NFT) business will be booming in Japan?

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Arimi Yamada

Partner

Get in touch

Arimi Yamada

Partner

GMO Internet Inc., a Japanese internet company founded in 1991, announced on April 9 that it will get into NFTs business. Unfortunately, their English websites has not been updated, but their Japanese site says that GMO Internet Group will develop and establish a reliable and secure NFT platform for payment and distribution of digital contents through their market place, “Adam byGMO,” to support revolution of digital contents business.

NFTs can be used for transactions of art works, music, games, and animations. GMO also says that NFTs can be used for distribution of tickets with information such as date and sheet numbers.

GMO Internet - Wikipedia

Venture capitalists are writing big checks for start-ups in the booming NFT space. NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. They’re a type of digital asset designed to track ownership of a unique virtual item — such as a piece of art or sports trading cards — using blockchain technology.