Japan Airlines Co., Ltd. (JAL) has joined forces with Hakuhodo Inc to create a collaborative series of non-fungible tokens (NFTs). As outlined in a blog post by KOKYO NFT, the project is set to launch in February 2024 with the goal of transforming exclusive experiences from six different regions of Japan into NFTs.
The overarching aim of this NFT launch, as stated by the developer, is to foster a sense of unity among stakeholders in Japan and beyond by digitizing assets like art and real estate. In conjunction with this exciting endeavor, an advertising campaign has been rolled out featuring dynamic origami-themed NFTs. Participants are encouraged to engage in interactive missions that allow their NFTs to evolve, with successful completion granting them early access to purchase rights for KOKYO NFT. JAL will take charge of service planning, while Hakuhodo will oversee project production, with additional partners contributing to various aspects of the initiative.
In a similar vein, Japan’s leading airline holding company, All Nippon Airways (ANA), unveiled a trading platform for NFTs based on the Ethereum blockchain last year. This platform showcases tokenized works by aviation photographer Luke Ozawa, 3D models of diverse aircraft, and a collection of generative images known as Airbits, featuring pixelated pilots. The platform is owned by a subsidiary of the aviation holding company – ANA NEO.
Contrastingly, Ponia has recently become an unattractive hub for cryptocurrency companies due to high taxation and stringent regulations, resulting in the departure of numerous crypto firms from the region. Nevertheless, the country has initiated a review of cryptocurrency industry taxation following the exodus of crypto companies due to steep taxes. Additionally, there are discussions about potentially allowing stablecoins into the domestic market and streamlining the requirements for token listings on exchanges.
For more updates, stay tuned for Japan’s largest community e-commerce platform’s decision to start accepting Bitcoin later this year. Follow Us on Google News for the latest developments.