From Japan's first IEO cryptocurrency asset to SBT developers, how did HashPort Group push blockchain into the mainstream market in Japan?

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Odaily资深作者

2023-07-31 06:00

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"Blockchain Innovation in Japan"

In the past few years, Japan has been strategically carrying out the Web3 revolution. Among the key players in the Japanese Web3 market, HashPort Group, as a leader, is continuously expanding their territory and step by step realizing the concept of "Innovating Japan with Blockchain".

Standing at the forefront of compliance: Collaborating with Coincheck to launch Japan's first IEO

Since its establishment in 2018, HashPort Group has been dedicated to the research and development of blockchain technology. It includes HashPort, which focuses on blockchain-related consulting and system solutions for the Japanese market, and HashPalette, which focuses on NFTs.

In July 2021, Palette Chain collaborated with CoinCheck, Japan's largest cryptocurrency exchange, to launch Japan's first IEO. It is reported that the IEO received a total of over 22.45 billion yen (approximately 160 million US dollars) in PLT purchase applications, which was 24.1 times the fundraising target of 938 million yen (approximately 6.7 million US dollars), receiving great enthusiasm in the Japanese cryptocurrency investment market. In addition, PLT Place, as the official NFT marketplace for Palette Chain, has 370,000 users and is one of the largest NFT marketplaces in Japan.

Furthermore, HashPort Group has gained favor and support from many top Japanese investors and large traditional institutions. Currently, they are dedicated to the following aspects:

To provide stronger support for Web2 companies entering the Web3 field and applying SoulBound Tokens (SBT), HashPort Group has strengthened its consulting and related technical teams.
Acquire various Japanese IP, develop NFT products related to HashPalette, and expand into the global market.
Raised over ¥2 billion (approximately $15 million) to expand and consolidate the business. At the same time, they have established a compliance management system and hired relevant personnel to better address legal compliance and other issues resulting from business expansion. It is reported that investors in HashPort Group include Edge Capital Partners (UTEC) at the University of Tokyo, known as the "Elon Musk of Japan," Mr. Yusaku Maezawa, and Sumitomo Mitsui Banking Corporation.

Large-scale Application: Collaboration for Osaka Expo 2025, Promoting Over 10 Million People to Have Web 3 Wallet and SBT ID

According to Nikkei News reporting on 7/18, the Japanese government announced the introduction of true cashless payments for the first time at the Osaka Expo 2025. The core is the use of an application called "EXPO 2025 Digital Wallet". This application not only supports electronic currency and points, but also supports NFT.

The developer of this application, President Yoshihisa Yoshida of HashPort Group, stated that the collaboration between HashPort and Osaka Expo 2025 will cover the following four parts:

EXPO 2025 Digital Wallet: As a mobile application that serves as an entry point for other financial institutions, it provides functions including electronic currency, reward points program, status services, and unique NFTs for Osaka Expo 2025.
Wallet ID Infrastructure: An ID infrastructure where users can register and log in with a single ID for various financial services and related services provided at Osaka Expo 2025.
Web 3 Wallet: A wallet used to store SBT and NFT issued in collaboration with exhibition halls and external companies.
SBT Digital Passport: It is the infrastructure for collaboration between EXPO 2025 Digital Wallet and exhibition halls and partners.

Yoshida Expo stated that the latter two collaborations will plan to use Palette Chain developed by HashPalette, a subsidiary of HashPort, to accomplish. He also pointed out that Osaka Expo 2025 is expected to attract over 28 million visitors and if more than 10 million people experience Web3 for the first time, we believe this will be a historic event. As the only blockchain company chosen by the Japanese Ministry of Economy, Trade, and Industry as one of the "100 Startups Collaborating with the Government," HashPort Group will integrate our technical capabilities and promote the Web3 revolution in Japan through the Osaka Expo.

Cutting-edge Exploration: Upcoming Metaverse Farming Blockchain Game THE LAND ELF Crossing

As one of the most important application directions for blockchain mainstreaming, blockchain games have long been in the sights of Hashport Group. Recently, HashPort Group announced that it will release the metaverse farming blockchain game THE LAND ELF Crossing (hereinafter referred to as THE LAND) on the Palette public chain in the Q4 quarter of this year. In THE LAND game, players will be able to construct and explore their own land and operate their own farms in the virtual world, as well as engage in social mini-games and communication with other players. In addition, players will also be able to connect to mainstream social platforms to invite friends to play the game together or to share their experiences.

In addition, THE LAND game will introduce the $ELF token to give players gaming governance rights and also enable the possibility of earning while playing. It is reported that the $ELF token is expected to be launched in the Q3 quarter of this year on Bitflyer, the top-ranked exchange in Japan (source: coinmarketcap), and officially applied to the game in the Q4 quarter.