Hakuhodo Inc. and Japan Airlines Co. Ltd. (JAL) are collaborating to launch a collection of non-fungible tokens (NFTs). According to their recent blog post, they are excited for the upcoming second trial run of “KOKYO NFT” in February 2024.

This initiative involves converting real-world assets (RWA) into non-fungible tokens (NFTs) and attracting both domestic and international buyers from six regions of Japan to become part of the local community.

1/ 📣 Hakuhodo and JAL unveil the Second Phase of “KOKYO NFT” 🌐✈️

Hakuhodo and Japan Airlines are launching the second iteration of “KOKYO NFTs” this February, a collection of NFTs unlocking 6 unique exclusive local experiences across Japan! 🚀🎉

Check the official website… pic.twitter.com/x1gGLPnfJP

— KOKYO NFT (@Kokyo_nft) February 5, 2024

A demonstration experiment showcasing six distinct “KOKYO NFT” types is set to take place, with sales and distribution occurring on the “Astar zkEVM Powered by Polygon” Ethereum layer 2 blockchain, followed by secondary trading on the “Rarible” NFT marketplace. 

Each NFT offers exclusive experiences ranging from fireworks displays in Toyako Town to samurai experiences in Yanagawa City.

• The NFT sale for Toyako Town’s fireworks launch rights begins on March 24, 2024, priced at ¥36,300 (approx. $245.39).

• Mito City offers NFTs granting access to rare Sake experiences for ¥80,000 (approx. $540.80) and is scheduled for March 3, 2024.

• Echizen City’s NFTs, known for facilitating custom knife crafting, are priced at ¥363,000 (approx. $2453.90) and scheduled for March 24, 2024.

• Yanagawa City’s samurai membership NFTs, scheduled for March 24, 2024, will cost ¥440,000 (approx. $2974.42).

• The Tanegashima Space Art Festival offers jointly owned NFT art with sales starting March 24, 2024, for ¥36,300 (approx. $245.39).

• The resale of Amami NFT includes the opportunity to own music-infused brown sugar shochu experiences, with sales beginning March 24, 2024, at ¥36,300 (approx. $245.39).

These six types of “KOKYO NFTs” will be available alongside promotional activities featuring dynamic NFTs (Origami) from February 5 to March 17, 2024. These dynamic NFTs will showcase the evolution of origami, a globally recognized Japanese art form.

The dynamic NFTs campaign entails:

• Free distribution of NFTs to participants upon completion of their initial mission on the designated website (limited availability).

• Weekly missions led to the transformation of the NFT image, reflecting the gradual formation of origami.

• Participants who fulfill all seven missions and complete the origami will gain priority access to purchase “KOKYO NFTs”.

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