Coincheck, one of the largest cryptocurrency exchanges in Japan, is expanding to include non-fungal tokens, or NFT, in a new partnership with developer CryptoKitties.
According to the October 6 announcement, Coincheck is collaborating with Dapper Labs, which has developed one of the world’s most popular decentralized apps that run on the Ethereum blockchain.
Coincheck said the new partnership will bring NFT to a wider Japanese audience by providing access to millions of users. Coincheck plans to integrate the CryptoKitties app into the future NFT market. The exchange is also studying a Dapper Labs-based blockchain implementation, Flow, which is expected to launch by the end of 2020.
According to an announcement by Dapper Labs, upcoming NFT Coincheck will list “only the most popular NFTs,” based on CryptoKitties in the new Flow blockchain. CBO Dapper Labs and co-founder Mick Naeem said the company will also work with Coincheck to offer a number of other applications such as crypto art.
In mid-September 2020, Coincheck announced plans to create its own NFT trading platform. The upcoming market will be powered by a plug-in from EnjinCraft starting blockchain, making it playable on select Minecraft servers.
In August 2020, Coincheck announced plans to host an ICO on the Ethereum Palette blockchain platform. Palette supports NFT codes for many purchases related to Japanese manga, sports, and music.