Massive Japanese financial and biotech conglomerate SBI Group has signed an agreement with Solana Superteam Japan, a community promoting the growth of the trending blockchain in the country, to give out an exclusive NFT (non-fungible token) to SBI Web3 Wallet customers.

Solana-based NFTs are currently dipping as of 7:00 a.m., January 8 (JST) with general market trends, but enthusiasm for the network in Japan is nonetheless pumping in terms of corporate backing.

Tokyo-based SBI VC Trade Co., Ltd., a subsidiary of Japan’s SBI Group, has announced an agreement with a community of Solana supporters on the archipelago to give away an exclusive Solana-based NFT.

SBI to give away Solana NFT to wallet holders

The financial giant has agreed to give an NFT “present” to users of its SBI Web3 Wallet, with the aim of promoting the growth of Solana in Japan in 2025, in a joint campaign with Solana Superteam Japan, which is supported by the Solana foundation.

According to SBI’s press release (translated by Google): “This NFT represents the construction of the Web3 world centered on the Solana economy with a fortress-like structure, and the first sunrise viewed from the structure represents the dawn of a new Web3.” The NFT was designed by Solana Superteam Japan. Interestingly, the design is somewhat dystopian in appearance, with what appears to be “TOKYO STUPID GAMES” written in orange on the underside of the fortress balcony.

SBI’s Web3 Wallet allows users in Japan to trade NFTs using Japanese yen, opening the market even to those who are not crypto-savvy.

While the news is indeed bullish for fans of SBI and Solana, there are some caveats. Anons, true NFT degens, and fans of permissionless peer-to-peer (P2P) exchange in the nation can count themselves out, as SBI’s Web3 Wallet requires an SBI VC Trade account, identification documents, and a stringent KYC (know-your-customer) process.

For Solana fans looking for fun, volatile speculation, or just a middle finger to everyone, Fartcoin might be a better option for the new year.

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Source: https://www.cryptopolitan.com/financial-giant-sbi-group-to-back-solana-nft-campaign-in-japan/