Rakuten launches NFT marketplace to capitalize on growing adoption in Japan

Cointelegraph reached out to the Rakuten team to get more info about the advancement. This story will be updated as brand-new details become offered.

In action to the increasing popularity of non-fungible tokens around the globe, Rakuten initially announced its prepare for a personal NFT marketplace. Rakuten declares that the NFT market hosts a platform which allows IP owners to establish their own websites to provide and offer NFTs.

Lots of people believe that Japan is a good location to promote the adoption of crypto-collectibles and blockchain properties.

While #NFT adoption is anticipated to increase around the globe in the future, many people are still not aware of what NFTs are. Japan: 90% Germany: 82.6% UK: 78.8% Argentina: 75.5% US: 70.6% Canada: 65.8% Nigeria: 52.0% #TheCableIndex
— November 24, 2021, TheCableIndex (@thecableindex).

Rakuten, a major Japanese e-commerce business, has actually released its own trading platform called Rakuten NFT.

Similar: NFTs were attempted by 26% of Japanese crypto investors: Survey

Japan is seeing an increase in interest in NFT possessions as the market for them continues to grow. Coincheck, the nations crypto exchange, launched a devoted NFT marketplace in March 2021. She teamed up with Enjin, the blockchain video gaming platform, to create a NFT charity program for Japan.

Coincheck, the countrys crypto exchange, released a devoted NFT marketplace in March 2021. She teamed up with Enjin, the blockchain video gaming platform, to create a NFT charity program for Japan.
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The worldwide NFT ecosystem saw a remarkable amount of advancement in 2021. Major players from different sectors started trading in non-fungible tokens after a record rise in trade volumes.

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