HashPort is pleased to announce that our representative Seihaku Yoshida was appointed as the secretary of the NFT Subcommittee of the Japan Cryptocurrency Business Association (referred to as “JCBA”) on October 2, 2020.
The first session was held as follows.
The First Session
[Date] October 2, 2020
[Place] Held online
[Agenda] We shared information about the background of the subcommittee. Mr. Kensuke Amo, Executive Officer of Coincheck, Inc. has been appointed as the chairman of the subcommittee. Mr. Amo gave an overview of the NFT market.
We had a discussion about the topics and outputs to be dealt with in this subcommittee.
(From JCBA website NFT Subcommittee)
Background and Activity Policy
NFTs (non-fundable or non-replaceable tokens) can be used for a wide range of purposes, including in-game items, trading cards, art, antiques, copyrighted materials, and electronic receivables, and they already have assets and a certain amount of business potential. On the other hand, due to the wide variety of uses of NFTs, there are various directions for existing and new businesses to sort out the players. The purpose of this meeting is to discuss and debate business opportunities and risks associated with NFTs, and to establish rules for sales and distribution of NFTs after exchanging opinions with external regulatory agencies and existing industry associations.
(From the press release of JCBA）
NFT Subcommittee URL: https://cryptocurrency-association.org/subcommittee/nft/