"SBINFT Market" Now Supports Japan Open Chain
SBINFT and Japan Blockchain Infrastructure have completed development to integrate Japan's domestic public blockchain "Japan Open Chain" with the NFT marketplace "SBINFT Market" operated by SBINFT. With the completion of this development, "SBINFT Market" users can now trade NFTs issued on Japan Open Chain, in addition to Ethereum and Polygon.
Background and Purpose of This Initiative
In recent years, Web3 technologies including NFTs have been expanding across various industries domestically and internationally as new mechanisms that ensure transparency and reliability in the ownership and distribution of digital assets. Particularly in the Japanese market, Web3 is positioned as a national strategy, and market expansion is expected in the future.
Under these circumstances, SBINFT operates platforms such as "SBINFT Market" and "SBINFT Mits" with the aim of implementing blockchain and NFT technologies in society. Specifically, for "SBINFT Market," the company believes that strengthening multi-chain support for stably operating chains to promote the distribution of various NFTs and improve user convenience is essential for realizing Japan's target society.
Additionally, Japan Blockchain Infrastructure, together with leading major companies and Web3 businesses in the industry, has begun consortium operation and management of Japan Open Chain as blockchain infrastructure that complies with Japanese law and can be used safely, quickly, and affordably by anyone worldwide, as well as a chain optimal for financial and business applications, aiming to expand the Web3 market.
SBINFT and Japan Blockchain Infrastructure believe that jointly promoting the development of the Web3 market in Japan and contributing to the creation and distribution of new digital assets aligns with both companies' objectives, leading to the completion of this integration.
Japan Open Chain will accelerate full-scale expansion in the NFT field with this integration as a catalyst. Based on high reliability and cost advantages, it aims to become social infrastructure supporting a wide range of NFT use cases including art, games, and metaverse.
SBINFT will continue to provide services that meet customer needs, improving customer convenience and satisfaction while proceeding with collaborations with various companies and organizations, aiming to create businesses that lead Japan's Web3 sector.
About SBINFT Market
"SBINFT Market" is an approval-based NFT marketplace. NFTs distributed within the marketplace are limited to those issued by content holders pre-approved by SBINFT, working to eliminate the risk of users purchasing counterfeit or pirated products. Supported payment methods include Ethereum, Polygon, Oasys (various Verses), Avalanche, and credit cards (Japanese yen), with over 20,000 cumulative users (wallet-connected users) as of May 2025.
About Japan Open Chain
"Japan Open Chain" is a public chain (Layer 1) with full Ethereum compatibility, operated by Japanese companies and focused on practicality. Together with leading major companies and Web3 businesses in the industry, it constructs blockchain infrastructure that can be used safely, quickly, and affordably by anyone worldwide. Simultaneously, through stablecoin projects by banks and digitization of assets such as NFTs, it is a project aimed at creating a global digital financial revolution through the construction of future financial infrastructure.
Current validators (blockchain operating partners) include 14 companies: Dentsu, G.U. Technologies, insprout, Kudasai, pixiv, TIS, extra mile (TV Asahi Group), Kyoto University of the Arts, Hatena, CAC, CyberLinks, SBINFT, Nethermind, and Pacific Meta, with the blockchain managed in a decentralized manner and ultimately planned to reach 21 companies.
About Japan Blockchain Infrastructure
Japan Blockchain Infrastructure operates and manages a consortium for the business-oriented blockchain "Japan Open Chain," where trusted Japanese companies operate in compliance with Japanese law to solve social issues through blockchain technology. To utilize safe and appropriate blockchain technology, the company develops and operates chains according to business purposes, including private chains, consortium chains, and public chains.
Norbert Gehrke
