Z Holdings, the internet arm of Japanese conglomerate SoftBank, reportedly plans to launch an NFT marketplace this year as part of efforts to meet its mid-term revenue targets.
Z Holdings’ NFT mall could come as early as this spring with the marketplace poised to attract users from 180 countries. As part of the plan, Z Holdings aims to expand the user base of its PayPay fintech unit to 90 million, Bloomberg reported on Thursday, citing an interview with co-CEO Kentaro Kawabe.
The company cannot afford to miss out on the opportunities provided by the emerging web3 space that includes markets like crypto, decentralized finance, NFTs and the metaverse, Kawabe said in the interview.
Z Holdings itself emerged from a merger between Yahoo Japan and popular Asian messaging service Line Corp. At the time, SoftBank indicated that Z Holdings will drive its technology mandate to compete with other major players in the arena of emerging technologies.
With its NFT mall plans, Z Holdings ma
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