Creator invading Japan’s lucrative NFT market!
Japan is renowned for its manga and anime as well as gaming industry. In the age of blockchain technology, these kinds of entertainment have turned into genuine art worth of billion dollars which makes Japan become an NFT golden mine. Witness the recent boom of the Japanese NFT economy, Creator has found its way to enter this lucrative market.
The size of Japanese NFT market was only about JPY 20 billion in 2019 but grew to about JPY 30 billion in 2020. This was only approximately 1/1000 of the total value of the crypto asset market. With that said, JPY 30 billion represents a tenfold expansion of the NFT market since the beginning of 2018. Moreover, there are now a variety of businesses that utilize NFTs. Furthermore, NFT games in Japan are booming with a huge amount of players recently. Therefore significant potentials for further rapid growth in the NFT market in Japan is surely confirmed.