Ripple Partner SBI Launches 920 NFTs on XRPL for Expo 2025 in Japan

Japanese financial giant and Ripple partner SBI begins minting XRPL-based NFTs for Expo 2025 Japan, with 920 collectibles minted.

SBI Holdings has started creating non-fungible tokens (NFTs) for the upcoming World Expo 2025 in Osaka, Japan. The development follows announcement of SBI projects to launch the “EXPO 2025 Digital Wallet NFT” service six months ago.

SBI Creates 920 NFTs Based on XRPL

Emi Yoshikawa, Ripple’s vice president of strategic initiatives, drew attention to the latest development in an article on X, drawing on an official disclosure from SBI VC Trade, the group’s cryptocurrency exchange subsidiary SBI Holdings. Yoshikawa particularly highlighted on-chain data that allows network participants to follow the minting process in real time.

Data Data obtained by XRPL explorer Bithomp shows that the company has now managed to create 920 NFTs. Interestingly, the company created 908 of these collectibles today, July 1, marking a substantial step forward for its project.

SBI further shared additional information about the project in a Press release Today. Named Myakoon, the project will provide World Expo attendees with unique digital collectibles. The first 5,000 visitors will receive these NFTs as part of a commemorative initiative.

More details on the SBI NFT project

According to the release, the NFT project seeks to engage virtual and physical Expo attendees, offering them the opportunity to collect and create exclusive NFTs. SBI Holdings is leading this project in collaboration with its subsidiary SBI Venture Trading and SBINFT.

The Myakoon service is integrated with the EXPO 2025 digital wallet, which will allow users to collect and view their NFTs on a dedicated site. Attendees can earn these digital collectibles by engaging in various Expo activities, both in the real world and online. Acquired NFTs are non-transferable and non-resalable, ensuring that they remain unique to each user.

Myakoon allows users the functions of collecting and creating NFTs. Users can collect NFTs by participating in campaigns and selecting original images based on their status in the rewards program. The program rewards users with higher statuses by giving them access to rarer images.

Additionally, users can create their own NFTs by uploading their chosen images, making the experience accessible even to newcomers to the NFT space.

To celebrate the launch of Myakoon, SBI is running several campaigns. The initial launch campaign will distribute special NFTs to the first 5,000 users. Additionally, the company has launched a giveaway campaign that will offer luxurious prizes to those who purchase tickets to the Expo.

The 2025 World Expo in Japan

In addition, adult customers who purchase tickets to the Expo will receive “Myakupe,” digital assets that they can use for transactions inside and outside the Expo site, as well as Myakoon NFTs. The Expo is scheduled to be held between April 13 and October 13 next year.

The Osaka Expo will likely attract more than 28 million visitors, providing a huge audience for this digital wallet service. This effort comes nearly two years after XRPL welcomed NFT functionality with the Implementation of the XLS-20D in August 2022. Since then, XRPL has seen its The NFT ecosystem is growing.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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