Japan’s web3 space may soon get another major player as SoftBank’s tech arm looks to float an NFT marketplace in the spring.
The company cannot afford to miss out on the opportunities provided by the emerging web3 space that includes markets like crypto, decentralized finance, NFTs and the metaverse, Kawabe said in the interview.
Z Holdings itself emerged from a merger between Yahoo Japan and popular Asian messaging service Line Corp. At the time, SoftBank indicated that Z Holdings will drive its technology mandate to compete with other major players in the arena of emerging technologies. With its NFT mall plans, Z Holdings may have to compete with others in the Japanese market including Rakuten and Animoca Brands.an anime and music-focused NFT platform in February and Animoca Brands reportedly has plans to float an NFT marketplace in Japan in the second quarter.
Z Holdings’ NFT push is yet another example of SoftBank solidifying its investment presence in the web3 space. In November, SoftBank led a
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