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Japan’s SBI Group to Introduce NFTs at World Expo 2025
Japan’s SBI Group is gearing up to release non-fungible tokens (NFTs) based on XRP Ledger during the upcoming World Expo 2025 in Osaka, Japan.
Exclusive NFTs for Expo Attendees
Attendees at the Expo will have the opportunity to receive exclusive NFTs featuring the official character of the event, known as “MYAKU-MYAKU.” These unique non-fungible tokens will be distributed during the event, starting from April 13, 2025.
NFT Distribution Details
- Official NFTs minted on the XRP Ledger will be given to millions of visitors at the World Expo 2025 in Osaka.
- Visitors can acquire NFTs by participating in Expo activities and completing missions.
- Additional NFTs can be obtained by using the Expo mobile payment system.
NFTs in the Spotlight
The “MYAKU-MYAKU” NFTs will not hold any monetary value and will not be available for purchase or sale, but they will come with proof of authenticity. Creating a virtual wallet and minting these tokens on the blockchain will be free of charge, with registration requiring an ID for the “EXPO2025 DIGITAL WALLET” app.
Changes in the NFT Landscape
While Japan’s SBI Group is embracing NFTs, some American companies are scaling back their involvement as trading activity wanes.
PayPal recently announced plans to exclude NFT purchases from its protection program, and GameStop shut down its NFT marketplace earlier this year due to regulatory uncertainties in the crypto space.
Osaka’s Crypto Initiatives
Osaka, Japan, known for its crypto-friendly environment, will host the World Expo 2025. In 2023, Osaka Digital Exchange Co. launched Japan’s first digital securities trading platform, paving the way for innovative financial developments in the country.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
