Softbank affiliate Z Holdings plans to launch NFT Mall in 180 countries – Bitcoin News

Z Holdings, the internet subsidiary of Japanese holding company Softbank, is planning to launch a global non-fungible token market (NFT) this spring. Z Holdings’ “NFT Mall” aims to target 180 countries and take advantage of the company’s Paypay service in order to attract Web3, metaverse and NFT customers.

Z Holdings doesn’t want to ‘miss a huge growth opportunity’

Softbank affiliate Z Holdings plans to launch an NFT marketplace called “NFT Mall,” according to a Bloomberg interview with the company’s co-CEO, Kentaro Kawabe. The company’s parent company merged Line and Yahoo Japan into Z Holdings last year. Kawabe’s comments from the interview indicate that Z Holdings plans to take advantage of Web3, the metaverse, and NFT in order to fuel the company’s growth.

“Web3 can herald a world where life is completely different and we don’t want the company to miss out on the huge growth opportunity,” said Kwabi, Co-CEO of Z Holdings during the interview. “We will not hesitate to do mergers and acquisitions deals to strengthen our presence,” the co-CEO added.

Metaverse Wellspring has a big competition

Z Holdings’ entry into NFT comes on the heels of Japanese online retail giant Rakuten launching its own NFT marketplace. After the launch at the end of February, Rakuten explained that a peer-to-peer service for the instrument and the sale of NFTs is scheduled to launch next year. There are also a large number of NFT market competitors from Opensea, Rarible, Looksrare, Magic Eden, Coinbase, FTX and Crypto.com.

Reports say Z Holdings has a five-year growth initiatives budget of 500 billion yen, or $5.9 billion. Moreover, Kawabe’s interview is similar to statements made by Softbank President and CEO Junichi Miyakawa during his New Year message 2022. In his New Year message, Miakawa spoke about the metaverse and insisted that the concept would become “a wellspring that generates new services and business models.”

Tags in this story

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What do you think about Z Holdings launching an NFT marketplace called NFT Mall in 180 countries around the world? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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