Tokyo FinTech
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Tokyo FinTech

Coincheck to partner with Animoca Brands for NFT Marketplace

As we have reported in our article about coincheck’s second quarter results, the cryptocurrency exchange belonging to Monex Group is planning to launch a marketplace for non-fungible tokens (NFTs), essentially digital collectibles, in early 2021.

In mid-December, Animoca Brands and Coincheck announced a distribution agreement for the former’s NFTs in the Japanese gaming market through the latter’s NFT marketplace. This specifically includes F1® Delta Time, and other titles in the REVV Token ecosystem, such as upcoming games based on MotoGP™ and Formula E. This follows a September announcement to distribute the NFTs utilized in The Sandbox through the Coincheck NFT marketplace.

Yat Siu, the co-founder and chairman of Animoca Brands had spoken at the Tokyo FinTech Meetup earlier in the year, where he also discussed the sale of a limited edition NFT for their blockchain-based Formula One game for USD 103,000.

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