On March 22nd, 2021, the Otaku Coin Association in collaboration with Crypto Games Inc confirmed that they will release ‘100 Limited Edition Otaku Coins’, made utilizing NFT blockchain technology. The experimental project includes a lineup of a variety of 100 colors, and each colored coin comes with a unique serial number that is a limited edition ‘one-and-only’ item. The limited edition coins will go on sale, and also be presented to a few select Otaku Coin users through a lottery campaign.
The Otaku Coin Association continues to follow its mission of contributing to the preservation and growth of anime culture around the world using blockchain technology. In this project, Otaku Coin has taken the initiative in utilizing the newest NFT technology. The project aims to experiment and prove to the world that NFT can be smoothly incorporated into the industry and community by identifying the possible risks, costs, concerns, merits, and demerits involved.
By releasing the knowledge and experience gained from this experiment to the anime industry, creators, and fans on the Otaku Coin Official blog, they hope to support the development of the industry by creating more awareness of anime culture around the world.
The Otaku Coin Association believes that enthusiastic anime fans around the world are the driving power for the industry. Therefore, they turned their logo into NFT and created 100 different color versions for anime fans to be used as a symbol of how they want to support the anime industry and community and their mission of spreading the love of anime globally together. Only 100 will be created, therefore, each unique colored coin is a limited edition ‘one-and-only’ item.
Recently, NFT is gaining exposure for providing groups of fans with a method to buy and sell digital items on the secondary market while automatically returning royalties to the original owner/company. With this technology, anime fans around the world are able to financially support their favorite creators through the payment of royalties when buying and selling digital items on the internet secondary market.
Fans can now participate in supporting their favorite creators on multiple levels through purchasing, experiencing, then reselling digital items from anywhere in the world.
The earnings from this test experiment (first and second distribution royalty) will be used as funds to support the further growth of anime culture, development, and operating of future NFT projects. This includes the anime studio interview project that they have continued since the inauguration of the association. Also, the Otaku Coin Association will release the knowledge and experience gained from this experiment to the anime industry, creators, and fans on the Otaku Coin Official blog.
The Limited Edition Otaku Coins are scheduled to be released for sale on March 24th, 2021, at 10 AM (JST) through the NFT marketplace ‘Rarible’. After the 100 Limited Edition Otaku Coins have been created as NFT, they will not be recreated again as a digital item. Also, these Limited Edition Otaku Coins are separate from the Otaku Coins (XOC) currently used on the Otaku Coin Official App.
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