SBINFT Representative Director Mr. Ko talks about NFT usage examples and benefits

Toward the spread of NFT

We spoke with Mr. Nagatori Taka, representative director of SBINFT Inc. (hereinafter referred to as SBINFT), which exhibited at the WebX Conference (hereinafter referred to as WebX) held in July 2023.

The company is an NFT (non-fungible token) service company. In November of last year, the company released the statement, “Be the FIRST. Be the STANDARD. Spread NFT, be in the middle.” and announced that it would take the lead in spreading innovative services through NFT into society.

At WebX, SBI Group has become a platinum sponsor. Mr. Gao also gave a keynote speech at WebX.

connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview

Interview content

Mr. Ko said that SBINFT’s business is broadly divided into two.

The first is the provision of the NFT electronic market “SBINFT Market.” This electronic market supports the Ethereum (ETH), Polygon (MATIC), and Oasis (OAS) blockchains.

Previously, it provided transaction services such as art NFTs and NFTs in collaboration with companies, but in July 2023 it became compatible with Oasis, and in November it announced that it had rebranded to specialize in game NFTs. . The company plans to handle multiple NFTs for major game titles starting in 2024, and will continue to collaborate with various companies and organizations to strengthen NFT sales and provide a secondary distribution market.

Another business is the provision of the NFT operation support tool “SBINFT Mits.” This tool was officially announced at WebX2023.

SBINFT Mits is currently offering an open beta version, and the official version is expected to be released in early spring 2024. SBINFT Mits is an NFT operation support tool, but it is essentially a new web marketing tool that utilizes NFTs.

Since announcing it at WebX, we have already built partnerships with around 40 companies and projects. By utilizing NFTs using SBINFT Mits, partner companies can connect directly with customers, discover and acquire new key opinion leaders and loyal customers, and develop them.

He says that a feature of SBINFT Mits is that if a product sells due to an influencer’s message, it can realize the Web3 style of rewarding the introducer according to the conditions.

Business status and plans

Regarding SBINFT Mits, there are several projects that have already started operation.

In a recent example, the project “BONSAI NFT CLUB” introduced an airdrop (free distribution) using the functions of SBINFT Mits. He also said that he utilized SBINFT Mits by granting voting rights and application rights only to NFT holders, and changing the application form depending on the amount of NFTs owned.

When asked about future plans for SBINFT Mits, Mr. Ko said that they will implement a delivery function. He said this feature has already been announced and will be implemented soon.

This is a feature that allows you to send physical products to NFT holders through a delivery company. The project operator said that they are currently preparing to implement a feature that will allow the tool to make deliveries without collecting personal information.

The company also explains that it is preparing to collaborate with external tools such as SNS in order to develop key opinion leaders.

Toward WebX 2024

Regarding last year’s WebX, Mr. Ko said that he sympathized with the company’s vision and praised the high proportion of visitors from overseas. More than 300 companies and more than 1,500 people visited the company’s booth, and all 333 NFTs were distributed at the NFT distribution event held at the booth. Booth visitors said half of them were from overseas.

connection: Japan’s largest web3 international conference “WebX” report

On the other hand, he said he hopes WebX will have more NFT-related projects and sessions this year. He requested that Web2 companies be involved in the promotion of NFT by holding sessions and events that include examples of NFT usage by general companies.

Mr. Takashi is of the view that Japan is the country where ordinary companies are working on NFT the most.

About WebX 2024

The second conference, “WebX 2024”, will be held at The Prince Park Tower Tokyo for two days, August 28th (Wednesday) and 29th (Thursday), 2024.

The last WebX received a much better response than expected, with 16,500 visitors, 290 speakers, and 372 sponsoring/cooperating companies (including organizations). In addition, Prime Minister Fumio Kishida, Minister of Economy, Trade and Industry Yasutoshi Nishimura (then), Koichi Hagiuda, Chairman of the Policy Research Council (at that time), Tokyo Governor Yuriko Koike, and Osaka Prefecture Governor Hirofumi Yoshimura, among others, gave lectures.

WebX’s vision for this year is “to aim to become a bridge between the existing Web 1 and 2 industries and the new Web 3 industry.” In order to realize this vision, we will work with not only leading companies and related parties from around the world in the Web3 industry, but also businesses that do not normally have contact with crypto assets (virtual currency) and blockchain, regulators not only in Japan but also in Asia. Promoting ministries and agencies are also keen to attract visitors.

We also plan to actively collaborate with conferences overseas in order to become one of Asia’s leading Web3 promotion hubs.

connection: Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo

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