Contents
- JR Kyushu issues NFTs on the Astar Network
- More benefits for NFT holders in Japan
Japanese rail operator launches NFTs on Astar Network
Vladislav Sopov
Part of Japan’s largest railway network, Japan Railway Group will release its ground-breaking NFT drop on cross-chain platform Astar Network
Read U.TODAY on
Google News
One of the largest railway companies in Japan achieves a partnership with the most popular Japanese L1 blockchain, Astar Network. A series of non-fungible commemorative tokens will be released to the general public.
JR Kyushu issues NFTs on the Astar Network
According to the official statement shared by the team of Astar Network, Kyushu Railway Company (or JR Kyushu), a nationwide railway operator, decided to issue NFTs on Astar. PRO Co., Ltd., has become the technical partner for the collaboration and the upcoming release.
The JR Kyushu NFT initiative is set to go live in July 2023 to provide riders with new ways to enjoy Kyushu’s level of service and keep their journey holistic.
The participants in the collaboration will demonstrate the proof of concept for the product during Blockchain Expo in Tokyo 10-12. May, and show the new Nishi Kyushu Shinkansen.
Astar Network was chosen by Japanese railway companies thanks to its low fees, unmatched scalability and deep understanding of the Japanese market.
As covered by U.Today earlier, earlier this year, Astar Network partnered with Toyota and organized a joint hackathon event.
More benefits for NFT holders in Japan
Astar Network founder Sota Watanabe is excited about the new partnership and potential benefits it can bring to all crypto holders, travelers and Web3 enthusiasts in Japan and neighboring countries:
At Astar Network, we are excited to see more real-world use cases of businesses exploring and leveraging NFTs to build closer relationships with their customers and deliver new value. We look forward to supporting PRO Japan and JR Kyushu in their endeavours
Depending on the level and types of NFTs held, passengers may qualify for additional benefits and access exclusive NFT releases. The first customers will be able to buy NFTs using the Japanese yen (JPY).
Astar Network is one of the first parachain auction winners in the Polkadot (DOT) ecosystem. It is also among the most influential cryptocurrency companies in Japan and a well-known local technology brand.
