Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Japanese Online Retail Giant Rakuten Launches NFT Marketplace

Published 02/28/2022, 07:20 AM
Updated 02/28/2022, 07:30 AM
Japanese Online Retail Giant Rakuten Launches NFT Marketplace

  • Japanese online retail giant Rakuten enters the NFT space.
  • Rakuten will launch its NFT marketplace in spring of 2022.
  • The Rakuten NFT platform is linked to other Rakuten services.

Japanese e-commerce giant Rakuten is stepping into the non-fungible token (NFT) space by launching an NFT marketplace platform in the spring of 2022.

This marketplace will be named Rakuten NFT. Through the platform, users are allowed to buy and sell a variety of digital content like sports and entertainment, including music and anime.

Rakuten NFT will allow intellectual property (IP) holders to issue NFTs and create their sales websites. The retail giant also highlighted that its platform will be user-friendly. For instance, IP holders are not required to have any blockchain technology knowledge to issue the NFT.

Additionally, the Rakuten NFT platform is connected to other Rakuten services. Users will be able to obt ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.