Casio the Newest Japanese Agency to Enter NFT Area
Japan’s Casio has turn into the newest megabrand to take the NFT plunge with the discharge of “Digital” G-Shock tokens primarily based on its standard watches.
In a Casio press launch, the agency stated it was launching the Digital G-Shock line on the Polygon blockchain protocol.
The corporate stated it might launch “3D mannequin” G-Shock NFTs later within the 12 months, however first needed to succeed in out to followers of its iconic digital watch.
Casio claims it has bought over 130 million G-Shock watches worldwide following its 1983 debut.
However earlier than debuting the NFT watches, the agency will difficulty NFT “membership playing cards” that can present homeowners with particular entry to “restricted channels.”
The agency stated it might difficulty 15,000 of the NFT “playing cards” starting on September 23, however invited prospects with Casio IDs to register their curiosity in claiming a card earlier than the overall launch.
“Card” holders might be granted “particular entry” to a spread of latest occasions and meetups, and “take part in co-creation initiatives.”
Per Japan’s CoinPost, Hiroshi Takahashi, the CEO of Casio said that the undertaking’s purpose was to “increase improve the presence of the G-Shock model within the digital and Web3 worlds.”
Extra Japanese Corporations Turning to NFTs?
A quick-growing line of Japanese trend, sportswear, and equipment manufacturers is continuous to pursue NFT-powered enterprise.
Whereas the NFT increase has died down considerably in different markets, Japanese corporations have been spurred on by feedback from Prime Minister Fumio Kishida, who has repeatedly talked up NFTs and Web3 as grown engines for the nationwide financial system.
Sportswear titans Asics and Mizuno have already entered the fray, with NFT footwear primarily based on a few of their best-selling traces.
And different companies are additionally eager.
In Might this 12 months, the airline All Nippon Airways introduced the launch of its personal aircraft-themed NFTs, Impress Watch reported.
Earlier this month, the nation’s prime monetary regulator stated it was able to ask parliament to ease tax guidelines for home firms.
The foundations have been described as “restrictive” by critics who say Japanese corporations are being compelled out of the home market.
