Japan is a country that is often at the forefront of many trends, and cryptocurrencies are definitely a familiar topic for the Japanese. This is confirmed by a survey of cryptocurrency exchange BitBank, which revealed that one in four crypto investors in Japan owns, or has held, at least one NFT. In the country, the NFT industry is growing rapidly and out of 2,061 cryptocurrency users (both BitBank customers and casual users on Twitter), about 26% of Japanese cryptocurrency investors have owned NFTs, especially loved by young people between 20 and 40 years.
The main NFT market in Japan is art, followed by video games, metaverses, entertainment and sports. In fact, NFTs are purchased mainly as a long-term investment (60% of respondents); They have never sold their NFTs and 39% of respondents are unsure of their value; They have never sold their NFTs and 22% of respondents are sure of their value; 19% of the interviewees sold and made a profit.
A consortium of around 70 Japanese companies is on the verge of launching a new yen-based cryptocurrency, Reuters reported this week. The group also includes three large banks in the country, hypotheses also confirmed by Kazuhiro Tokita, CEO of the cryptocurrency exchange DeCurret, which leads the consortium, which announced that the group’s goal is to enter the world of cryptocurrencies starting from 2022.
