On December 27th, the Ministry of Economy, Trade and Industry of Japan will begin testing the issuance of NFTs in February next year. This test experiment will be outsourced to a start-up company that has already used NFT technology to provide services in the art field.
Mainly for the real and virtual NFT and 3D synthetic image NFT of fashion items for testing. In addition, whether NFT can be used in the metaverse is expected to be reviewed. The issued NFT is planned to be sold, but the seller has not yet been determined.
Since the transaction history is managed by the NFT, this means that if it is resold in a real or digital way, a portion of the profit can be returned to the designer. The Ministry of Economy, Trade and Industry hopes to use NFT to create new transactions to diversify designers’ income sources and enhance their competitiveness.