Z Holdings, Softbank’s Internet arm plans to launch an NFT marketplace called “NFT Mall,” as revealed by the company’s co-CEO Kentaro Kawabe in a Bloomberg interview.
Besides planning to launch an NFT marketplace in 180 countries, Z Holdings is also shelling out huge amounts of money to double PayPay’s users to 90 million, according to the company’s top official.
Kawabe’s assertion points out that Z Holdings plans to leverage Web3, metaverse, and NFT, taking advantage of the flourishing NFT space for boosting the company’s growth.
Kentaro Kawabe, co-chief executive officer of Z Holdings revealed in the interview, “It’s possible Web3 will herald a world where life is completely different and we don’t want the company to miss out on the huge growth opportunity”. He further added that the firm won’t hesitate to do merger and acquisition deals for bolstering the firm’s presence.
Last year, Softbank merged Line and Yahoo Japan into Z Holdings.
If reports are to be believed, Z Holdings has a five-year growth initiatives budget of 500 Billion Yen or $5.9 Billion.
This revelation does not come off as a surprise, as in December last year, SoftBank had invested $150 Million in Metaverse Platform Zepeto. Thus, only strengthening SoftBank’s crypto ambitions evermore.