2022 is continuing with the NFT popularity growth and one of the major Japanese E-commerce firms, Rakuten, has launched an NFT platform to take advantage of the growing adoption. The new NFT platform is dubbed Rakuten NFT.
https://twitter.com/Masakingdom2001/status/1497205054268338183?s=20&t=kNWz6y5xNU76H8Dbkud7HQ
Rakuten had first indicated its plans to launch an exclusive NFT marketplace back in 2021 following the growth of the popularity of non-fungible tokens (NFTs).
Rakuten NFT
According to Rakuten, the Rakuten NFT marketplace shall also provide users with a platform where they can create their websites to mint and sell NFTs.
Japan has a population of over 126 million people and Rakuten is angling to take advantage of the countrywide adoption of NFTs. Besides, Japan has a renowned pop culture including manga and anime that are the backbone of crypto-collectibles.
Worldwide NFT development
In 2021, the NFT ecosystem experienced exponential growth around the world with a record increase in adoption and trade volume. Major players especially within the metaverse and entertainment industry have greatly adopted NFTs and most of them are making a lot of money using them.
In essence, NFTs have played a great role in driving the adoption of DeFi products.
