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Japan’s first “funding” with virtual currency Buying and selling manga and anime content with NFT

Editorial Team by Editorial Team
July 21, 2021
in News
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Japan’s first “funding” with virtual currency Buying and selling manga and anime content with NFT

The “IEO (Initial Exchange Offering”), in which companies and projects issue and list digital tokens through crypto asset ( virtual currency ) exchanges to raise funds, is attracting attention. [Video] “Virtual currency is like a stock.

On the 1st of this month. The issuer of IEO is Hashpalette Co., Ltd. Hashpalette has cartoons, animations, sports, etc. It is said that NFT will distribute Japanese content such as music to create a market while expressing the economic value of digital data. Also, the “pallet token” issued by Hashpalette will be used to settle NFT transactions.

“We will buy and sell pallet tokens as if we were buying and selling stocks,” said Seihaku, CEO of the company, who appeared in the news program “ABEMA Hills .” “First of all, IEO is a method of raising funds by issuing virtual currency, just like issuing stocks and collecting funds. The virtual currency” Palette Token “issued by our company is a virtual currency exchange. You can buy and sell with the coin check. “You can buy and sell pallet tokens like buying and selling stocks.” Transparency and examination ability are asked when trading virtual currencies. Mr. Yoshida commented, “When I heard that I would buy virtual currency, I had a slightly suspicious image until now.” “IEO will sell virtual currencies that have passed the examination by the virtual currency exchange.

You can use it with confidence as a currency that has cleared the strict domestic examination. In the future, you will have a pallet token. We will also develop content limited to palette token holders, such as anime, manga, and digital game data that can only be purchased by those who have it.” IEO can design businesses by using them as stock. The revised Funds Settlement Law has been enforced in Japan, and systems such as guidelines are being developed.
However, Mr. Yoshida says, “It will take some time before it penetrates the market.” “I would like to say stocks are Owakon’, but I think it will take some time. IEO will be an essential option for the growth of companies and projects in the future. Funding for new companies to issue stocks on a service-by-service basis. It is possible to procure, and it is possible to involve users in creating a business. There are merits for both companies and users.” Shortly, a listed company that has grown with pallet tokens may be born. (From “ABEMA Hills”)

Tags: Owakon
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