Japanese Bank SMBC to Foray Into NFT and Web3 Markets
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers tokenization and listing services in Japan, to launch a token business lab to experiment with these new technologies. Second Biggest Japanese Bank to Introduce Token and NFT Services Many traditional banking companies around the world are now considering entering the crypto and digital assets....
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While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed for quite some time. Following the intervention, the yen rallied as the U.S. dollar took a steep dive against the Japanese yen during Thursday’s trading sessions. However, the greenback has stepped back up to the plate and the yen’s recent gains....
In a recently released white paper, a Japanese non-fungible token (NFT) taskforce has asked the government to consider appointing a government minister whose job it would be to oversee all matters relating to Web3.
Building the Support Structure for Japan’s NFT Sector
A Japanese NFT policy task force has reportedly told the country’s leaders to consider appointing Web3 minister, a report has said. If hired, this individual would be in charge of all matters relating to Web3.
Also, as per a report published by Coinpost, the government-appointed task force....
Japanese entertainment and video game company Konami has posted new job openings to expand its NFTs, Web3 and Metaverse offerings. Japanese gaming giant Konami is seeking to expand its crypto-versed talent pool while it ey the development of Web3 and Metaverse “experiences” and a nonfungible token (NFT) marketplace.The gaming giant is the latest in a lengthening list of big names signaling interest in expanding its Web3 offerings by seeking to acquire new talent. On Oct. 13, the company announced that it was recruiting a “wide range of talent” for "system construction and service....
As many businesses advance into the NFT, Web3, and Metaverse Zones, Konami, a Japanese gaming company, joins the race. The video game company announced job openings to expand its offerings into the Metaverse, NFT, and Web3 platforms. Konami announced that it needs experienced hands for system construction and service development. It relates to its plans to […]
Walmart-backed Indian E-commerce giant Flipkart, has decided to venture into Web3.0 and Metaverse. Flipkart is set to launch this innovation unit called Flipkart Labs, which shall facilitate commercial functions in the Metaverse. This plan to foray into Web3.0 will leverage the emerging technologies, aid the development of cutting edge technologies and also focus on delivering […]