NFTs Still Big In Japan As Honda Offers Keys
In order to encourage fans to buy tickets for the Formula 1 Honda & Red Bull Welcome Event in Tokyo, Honda announced the availability of KEY NFTs, which would be awarded to every fan who entered the raffle.
Additionally, at the F1 Japanese Grand Prix at the Suzuka Circuit, Honda will deliver NFT Honda KEYs and other unique goodies to fans who stop by the Honda booth.
In contrast to the NFT industry’s declining trend in the West, Honda’s relationship with Animoca Brands Japan represents the NFT industry’s success in Japan.
The company previously worked with Animoca Brands Japan, Gryfyn, and GET Protocol and its metaverse to engage clients in Web3 products. These partnerships are all referenced in the company’s release.
According to the corporation, the new NFT series aims to build a bridge between global fans and Japanese intellectual properties.
(With inputs from Shikha Singh)
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