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
USD/JPY: Expected to trade with an upward bias – UOB GroupScope for US Dollar (USD) to test 158.50; a breach above this level is not ruled out, but any further advance is highly unlikely to reach 159.00.
Author  FXStreet
8 hours ago
Scope for US Dollar (USD) to test 158.50; a breach above this level is not ruled out, but any further advance is highly unlikely to reach 159.00.
placeholder
Bitcoin Reached Record Highs in 2024, but There Could Be Even More Upside This YearThe past year marked a milestone for crypto. Bitcoin (CRYPTO: BTC) hit six figures as excitement built around the potential for the digital currency. Last year also marked the intr
Author  The Motley Fool
9 hours ago
The past year marked a milestone for crypto. Bitcoin (CRYPTO: BTC) hit six figures as excitement built around the potential for the digital currency. Last year also marked the intr
placeholder
Gold: China’s central bank buys more Gold – INGChina’s central bank added to its Gold reserves for a second month in December, ING’s commodity analyst Ewa Manthey and Warren Patterson note.
Author  FXStreet
9 hours ago
China’s central bank added to its Gold reserves for a second month in December, ING’s commodity analyst Ewa Manthey and Warren Patterson note.
placeholder
The Federal Reserve May Do the Unthinkable, and It Could Drag the Stock Market Down in 2025The S&P 500 (SNPINDEX: ^GSPC) has advanced 27% in the past year. Those stock market gains were driven in part by expectations that the Federal Reserve will keep cutting interest ra
Author  The Motley Fool
9 hours ago
The S&P 500 (SNPINDEX: ^GSPC) has advanced 27% in the past year. Those stock market gains were driven in part by expectations that the Federal Reserve will keep cutting interest ra
placeholder
NZD/USD: Likely to trade in a 0.5590/0.5705 range for now – UOB GroupCurrent price movements appear to be part of a range trading phase, expected to be between 0.5615 and 0.5665. In the longer run, NZD is likely to trade in a 0.5590/0.5705 range for now, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Author  FXStreet
9 hours ago
Current price movements appear to be part of a range trading phase, expected to be between 0.5615 and 0.5665. In the longer run, NZD is likely to trade in a 0.5590/0.5705 range for now, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
goTop
quote