Financial giant SBI Group to back Solana NFT campaign in Japan

Source Cryptopolitan

Massive Japanese financial and biotech conglomerate SBI Group has signed an agreement with Solana Superteam Japan, a community promoting the growth of the trending blockchain in the country, to give out an exclusive NFT (non-fungible token) to SBI Web3 Wallet customers.

Solana-based NFTs are currently dipping as of 7:00 a.m., January 8 (JST) with general market trends, but enthusiasm for the network in Japan is nonetheless pumping in terms of corporate backing.

Tokyo-based SBI VC Trade Co., Ltd., a subsidiary of Japan’s SBI Group, has announced an agreement with a community of Solana supporters on the archipelago to give away an exclusive Solana-based NFT.

SBI to give away Solana NFT to wallet holders

The financial giant has agreed to give an NFT “present” to users of its SBI Web3 Wallet, with the aim of promoting the growth of Solana in Japan in 2025, in a joint campaign with Solana Superteam Japan, which is supported by the Solana foundation.

“New Year NFT Present Campaign” Source: SBI Holdings.

According to SBI’s press release (translated by Google): “This NFT represents the construction of the Web3 world centered on the Solana economy with a fortress-like structure, and the first sunrise viewed from the structure represents the dawn of a new Web3.” The NFT was designed by Solana Superteam Japan. Interestingly, the design is somewhat dystopian in appearance, with what appears to be “TOKYO STUPID GAMES” written in orange on the underside of the fortress balcony.

SBI’s Web3 Wallet allows users in Japan to trade NFTs using Japanese yen, opening the market even to those who are not crypto-savvy.

While the news is indeed bullish for fans of SBI and Solana, there are some caveats. Anons, true NFT degens, and fans of permissionless peer-to-peer (P2P) exchange in the nation can count themselves out, as SBI’s Web3 Wallet requires an SBI VC Trade account, identification documents, and a stringent KYC (know-your-customer) process.

For Solana fans looking for fun, volatile speculation, or just a middle finger to everyone, Fartcoin might be a better option for the new year.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Pattern Breaks: Price Near ATH, But HODLers Still Not SellingOn-chain data shows HODLing behavior remains dominant among the Bitcoin investors despite the fact that the price is near the all-time high (ATH).
Author  Bitcoinist
11 hours ago
On-chain data shows HODLing behavior remains dominant among the Bitcoin investors despite the fact that the price is near the all-time high (ATH).
placeholder
Unlocking Future Growth? Alibaba Raises $1.53 Billion via Zero-Coupon Bond to Boost Cloud and Global ExpansionOn July 4, Alibaba Group announced the successful completion of its zero-coupon exchangeable bond issuance , raising HKD 12.023 billion (approximately USD 1.53 billion).
Author  TradingKey
11 hours ago
On July 4, Alibaba Group announced the successful completion of its zero-coupon exchangeable bond issuance , raising HKD 12.023 billion (approximately USD 1.53 billion).
placeholder
Silver Price Forecast: XAG/USD consolidates right below $37.00 in risk-off marketsSilver consolidates the previous two days' gains and remains pinned near $37.00.
Author  FXStreet
11 hours ago
Silver consolidates the previous two days' gains and remains pinned near $37.00.
placeholder
USD/JPY slumps to near 144.30 as Yen’s safe-haven demand increasesThe USD/JPY pair falls over 0.4% to near 144.30 during European trading hours on Friday.
Author  FXStreet
11 hours ago
The USD/JPY pair falls over 0.4% to near 144.30 during European trading hours on Friday.
placeholder
Non-Farm Payrolls Deflate Rate Cut Hopes with 147,000 New JobsOn Thursday in the US, a stronger-than-expected June non-farm payroll report dashed hopes for a rate cut in July.
Author  TradingKey
11 hours ago
On Thursday in the US, a stronger-than-expected June non-farm payroll report dashed hopes for a rate cut in July.
goTop
quote