Japanese-based SBI Holdings, an ally of Ripple Labs Inc., has commenced World Expo 2025 Non-Fungible Tokens (NFTs) minting on the XRP Ledger (XRPL). Emi Yoshikawa, VP of Strategic Initiatives at Ripple said network participants can track the minting process in real-time on the NFT explorer, Bithomp.
SBI Mints 920 NFTs on XRPL
According to on-chain data on Bithomp, 920 NFTs have successfully been minted by SBI Holdings. Remarkably, the company produced 908 of these NFTs today, July 1, signaling a notable advancement in its endeavor.
SBI elaborated on the initiative through a press release, unveiling the project’s name as Myakoon. Myakoon aims to provide attendees with unique digital collectibles. The Myakoon service seamlessly integrates with the EXPO 2025 Digital Wallet. This will allow users to manage their NFTs on a dedicated platform.
🇯🇵 Japan’s SBI has started minting the World Expo 2025 NFTs on the XRP Ledger!!
You can see it here in real time 👇https://t.co/KTCURPlpTO https://t.co/eU8Zcd242y pic.twitter.com/RNlJyMU6cK
— Emi Yoshikawa {X} (@emy_wng) July 1, 2024
It is important to note that the acquired NFTs are not transferable or tradable, ensuring their exclusivity for each user. This design allows newbies to use the NFTs with confidence. To celebrate the launch, SBI has implemented several campaigns. The initial launch will distribute special NFTs to the first 5,000 users.
Additionally, a gift campaign offering luxurious prizes awaits those who purchase Expo tickets. Adult ticket holders will receive “Myakupe,” a digital currency usable for transactions within and beyond the Expo site, alongside Myakoon NFTs.
The World Expo in Osaka is anticipated to run from April 13th to October 13th, 2025, potentially attracting over 28 million visitors.
SBI Partners With SBI VC Trade and SBINFT
SBI Holdings is pioneering the NFT minting in partnership with its subsidiaries SBI VC Trade and SBINFT. Participants can earn the Myakoon collectibles from the 2025 World Expo by engaging in various Expo activities, both online and in person.
Meanwhile, SBI disclosed its plans to introduce the “EXPO 2025 Digital Wallet NFT” service only months after SBI VC Trade launched a validator node on XRPL. According to an earlier Crypto-Vanguard report, Ripple has formed an alliance with over 80 Japanese banks, demonstrating its global footprint.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of Crypto-Vanguard’s content as such. Crypto-Vanguard does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.