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Japan Airlines Co., Ltd. (JAL) and Hakuhodo Inc have partnered to develop a joint collection of non-fungible tokens (nft).
According to a KOKYO nft blog post, the initiative, scheduled to launch in February 2024, aims to convert unique experiences from six regions in Japan into non-fungible tokens.
According to the developer, one of the overarching goals of the nft launch is to promote a sense of community among stakeholders both in Japan and around the world by digitizing assets such as art and real estate.
In parallel with the next challenge, an advertising campaign applications Dynamic origami-themed NFTs. In this interactive setup, participants receive quests that allow their nft to evolve. Those who complete these missions will be rewarded with KOKYO nft pre-purchase rights. JAL will manage service planning, while Hakuhodo will oversee project production. Additional partners will contribute to various aspects of this initiative.
“Hakuhodo and JAL will verify the possibility of creating a related population through demonstration experiments and contribute to solving the main social problem of Japan's population decline.”
hakuhodo statement
Last year, Japan's largest airline holding company, All Nippon Airways (ANA), launched a non-fungible token trading platform based on the ethereum blockchain. The platform features tokenized works by aviation photographer Luke Ozawa, 3D models of various aircraft, and a collection of generative images called Airbits in the form of pixelated pilots. The owner of the platform is a subsidiary of the ANA NEO aviation holding company.
At the same time, Ponia has earned the status of an unattractive region for cryptocurrency companies. The main reason is high taxes and strict regulations. Due to this, many crypto companies left the country.
However, since last year, the country has begun to review taxes on the cryptocurrency industry in the context of an exit of cryptocurrency companies from the country due to high taxes. The country is also considering supporting stablecoins in the domestic market and simplifying the requirements for listing tokens on exchanges.
