The post Japan’s SBI Taps XRP Ledger And Polygon for New NFT Collection appeared on BitcoinEthereumNews.com.

SBI Digital Community, a Web3-focused subsidiary of Japanese powerhouse SBI Holdings, has tapped XRP Ledger (XRPL) and Polygon for the launch of its first NFT collection, dubbed “Crypto Canvas Collection.” Named with the desire to draw a story together with community participants on a digital canvas, the NFT collection will feature 3,000 unique, hand-drawn generative NFTs, each priced at 0.025 ETH, said SBI Digital Community in a Tuesday press release. NFTs Live! The NFTs will be minted on the Polygon blockchain, with sales accessible via the Bto3 Discord channel. With this launch, SBI Digital Community aims to enhance user accessibility to Web3, provide support for Web3 newcomers and promote mass adoption through an innovative NFT discount service. “Web3 has had the challenge of slowing mass adoption due to the lack of opportunities for use in the real world. With this NFT discount service, we will promote mass adoption and build a win-win ecosystem for users, stores, and our company,” SBI Digital Community said. The company plans to hold a public sale of the NFT collection from October 12 to October 14 this year. It will accept credit card payments to facilitate easy access for newcomers to the crypto space. Real World Use Cases According to SBI Digital Community, owning an NFT from the collection will unlock several benefits, including participation in a lottery for additional NFTs, access to a nationwide discount service at affiliated stores starting in the second quarter of 2025, and automatic receipt of a second NFT collection upon its launch. The NFT discount service is a novel approach that SBI Digital Community uses to bridge the gap between Web3 and the real world. According to the company, the service enables customers who own its NFTs to scan a QR code at participating stores and connect their wallets…

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Filed under: News - @ October 10, 2024 6:25 am