- SBI Holdings is launching an exclusive, non-transferable NFT called “Myakun!” on the XRP Ledger in collaboration with SBI VC Trade and Ripple, aimed at enhancing the experience for the 28.2 million attendees at EXPO2025.
- “Myakun!” is part of a broader initiative by SBI Holdings to offer a collection of NFTs for the upcoming Osaka-Kansai Expo, emphasizing the XRP Ledger’s suitability for NFT use due to its extremely low transaction fees and instant settlement capabilities.
In a significant move in the blockchain space, Japan’s financial behemoth, SBI Holdings, has declared its intentions to roll out a novel NFT project utilizing the widely acclaimed XRP Ledger (XRPL). This initiative, labeled “EXPO2025 Digital Wallet NFT (or Myakun!)”, is a joint venture between SBI VC Trade and SBINFT, a subsidiary specializing in the NFT domain.
🚀🎉 Ripple News from SBI Holdings! 🎉🚀
SBI, in collaboration with SBI VC Trade & #Ripple, is gearing up to unveil the exclusive #NFT "Myakun!" for EXPO2025. With 28.2M attendees poised to experience it, this non-transferable NFT is crafted uniquely for the #XRP-Ledger. pic.twitter.com/bcDg6c35Hv
— Collin Brown (@CollinBrownXRP) October 26, 2023
The NFT, “Myakun!”, stands as a unique digital collectible and is poised to be issued by SBINFT, with a dedicated website developed by SBI VC Trade for viewing purposes. The launch is strategically planned for May 2024, preceding the grand Osaka-Kansai Expo, marking it as a cornerstone in SBI Holdings’ broader strategy to offer a suite of NFTs aligned with the expo event.
Embracing Digital Innovation:
The “Myakun!” NFT, with its non-transferable nature, will be showcased to an anticipated crowd of 28.2 million attendees at the expo. SBI Holdings has accentuated the exclusivity of this digital asset, ensuring it cannot be transferred or resold, thereby maintaining its unique value proposition. In addition, attendees are in for an extra treat, as SBI Holdings has announced the opportunity to acquire bonus NFTs through engaging with various missions set to occur before, during, and after the expo.
Bill Morgan, a legal professional known for his pro-XRP stance, expressed his intrigue and optimism towards this innovative initiative, highlighting the potential positive implications it holds.
“The blockchain XRP Ledger has the ability to tokenize not only XRP but also a variety of other assets”,
SBI said in its report.
SBI’s Commitment to Expo 2025 and XRP Ledger:
As one of the principal sponsors of the Osaka-Kansai Expo 2025, organized by the Bureau International des Expositions (BIE), SBI Holdings has made a substantial commitment to the event. The expo, scheduled to run from April 13 to October 13, 2025, will feature SBI’s services as an integral part of the
“EXPO 2025 Digital Wallet”
project.
SBI Holdings’ choice of the XRP Ledger for this NFT venture is rooted in its 2021 assertion of XRPL’s optimal capabilities for NFT use, specifically highlighting its extremely low transaction fees and instantaneous transaction settlement. The XRP Ledger’s ability to tokenize a myriad of assets, not limited to XRP, positions it as a versatile and efficient blockchain solution.
Strengthening Ties with Ripple:
SBI Holdings’ affiliation with Ripple extends beyond this project, as evidenced by their consistent support of Ripple’s solutions, including the renewal of their international remittance service utilizing Ripple’s On-Demand Liquidity (ODL) earlier this year. This support extended to Ripple’s legal challenges, with SBI’s CEO, Yoshitaka Kitao, actively engaging with the Japanese crypto community and sharing content supportive of Ripple.
This collaborative venture between SBI Holdings, Ripple, and the XRP Ledger not only marks a significant milestone in the adoption of blockchain technology for unique digital experiences but also solidifies SBI’s position as a forward-thinking financial giant in the digital age.
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