Animoca Brands and MUFG Bank, the largest bank in Japan, have investments when this country was
tightening regulations around the crypto industry.
Japan is not interested in crypto and companies have to give a 30% corporate tax on profit.
The policy that causes triggered a blockchain brain drain and unrealized gains.
Japan can be a good place to be for NFT services scouring for IPs because there are many talented musicians, successful anime, and good games.
Investments in
“secure licenses for popular intellectual properties, improve internal capabilities, and expand adoption of Web3 to multiple partners, boosting the value and utility of their branded content while facilitating the growth of a safe and secure NFT ecosystem in Japan” is a plan for Animoca Brands Japan, whose parent has supported the world’s enormous NFT platform OpenSea.
It is not only MUFG in economic groups in Japan that have accepted NFTs.
In July, Sumitomo Mitsui Banking Corp said that: it plans to establish a “Token Business Lab” that will provide consulting to institutional customers interested in NFT applications, with technical support coming from blockchain startup HashPort.
NFTs can attract Japan’s domestic tech companies’ attention.
Japanese messaging giant has earned millions of dollars from sticker sales and popularized a handful of sticker collections.
Selling stickers and popularizing a few of the stickers collection have already earned millions of dollars for Japanese messaging.
Trading NFTs with friends and storing their NFTs in their Line-powered digital asset are the ability of Line’s 90 million users in Japan.
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