The altcoin chosen by Tokyu Railways, one of Japan’s largest railway companies, for their NFT, attracts great attention among NFT enthusiasts. Web3 coin is pricing the news in double digits.
Tokyu Railways partners with this Web3 coin for their NFT
Japan’s largest railway company has started offering its NFTs on the Primer Network. Announcing the news on Twitter, Astar co-founder and CEO Sonata Wantanabe announced that more than 6,000 NFTs were purchased in just one day. According to the announcement, “Tokyu Railways is offering the limited NFT published on Astar starting today. More than 6000 NFTs (new addresses) distributed in one day”.
Tokyu Railways is distributing limited NFT issued on @AstarNetwork from today. In a day, more than 6000 NFT (new addresses) are distributed. Look at the queue 😱
In the near future, Japanese people will own NFTs issued on Astar without knowing Astar and backend. https://t.co/p9vEFUr7pc
— Sota | Soneium + Astar 💿 (@WatanabeSota) March 18, 2023
The news caught the attention of Japanese NFT enthusiasts
The limited number of NFTs were distributed free of charge at the opening only, causing long queues at Shin-Yokohama Station. Strong interest points to widespread adoption of NFTs in the country, with people queuing up to grab NFTs. The rise in the liner (ASTR) price indicates that the altcoin network is also gaining trust among users.
Web3 coin rose in double digits after news
Astar (ASTR), which aims to reach among the top 100 altcoins, has been rising with the market in recent days. The announcement of Tokyu Railways on March 18 created a double-digit increase in the price.
A look at the daily chart shows that March 18 closed in the green 13% for Web3 coin. The momentum continues at 2% today and the price is about to turn the multi-month resistance at $0.7 support. Astar’s recent upward moves were supported by a series of high-profile collaborations prior to the Tokyu partnership…
Primer Network receives special attention in Japan region
Primer (ASTR) is a decentralized infrastructure that enables developers to build new Blockchain applications. The partnership with Tokyu Railways was part of Astar’s initiative to run Web3 initiatives in Tokyo. According to a recent report, Astar has partnered with Shibuya, a popular Tokyo district, to run its Web3 initiatives in the region.
Shibuya City is joining Astar to achieve its web3 goals!
We will host regular hackathons and educational programs with the Shibuya!
➡️ Learn about the exciting news here:https://t.co/1hRqY2vDtI pic.twitter.com/7oDfYDQNOo
— Astar, Future of Smart Contracts for Multichain (@AstarNetwork) March 7, 2023
With the recent rise in popularity of NFTs around the world, Astar’s partnership with Shibuya and Tokyu Railways shows that Japan is not far behind in embracing this new trend. This move is expected to lead to more collaborations between Blockchain companies and traditional Japanese companies in the future.
NFTs become a mandatory part of special events
The news that Tokyu Railways, which we quoted as Kriptokoin.com, distributed limited NFTs on the Astar Network, aroused interest in the Japanese NFT community. The long queues and excitement around this initiative suggest NFTs are becoming more common in Japan. This partnership between Astar and Tokyu Railways is expected to drive Web3 initiatives in Tokyo and beyond, opening the door to more collaborations between Blockchain companies and traditional Japanese companies.
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