NFTs to celebrate excellence?

Sun Sep 11, 2022 ▪ 2:00 p.m. ▪
min read – by

Investors, collectors, gamers…, so many people who are interested in NFTs. Even governments seem to be seduced by the concept of non-fungible tokens. This is the case of Japan, which has used it to reward local authorities who have succeeded in solving local problems with digital technology.

7 award-winning Japanese mayors from NFT

According to Cointelegraph, the Japanese government presented NFT awards to 7 mayors as recognition for their initiatives to make life easier in their respective municipalities. The criteria for awarding these awards was not based solely on this kind of success. Indeed, to have these prizes, they had to use digital technology and also contribute to the development of the digital economy in their respective municipalities.

The presentation of these NFTs was held during the ceremony ” Summer Digi Denkoshien 2022 “. Chief Cabinet Secretary Hirokazu Matsuno and Japanese Prime Minister Fumio Kishida attended.

Among the winners is the mayor of Sakata, a municipality located in Yamagata prefecture. Why did the Japanese government award him this NFT award? Because the city of Sakata is overflowing with local development ideas centered on the digital economy. His project to use electric vehicles for local deliveries won over the jury.

The mayor of Maebashi, a locality located in Gunma prefecture, was also awarded by NFT. Its authenticity lies in its platform for real-time monitoring of changing traffic conditions with mobile device cameras.

Japan fond of Web 3 and NFT

Admittedly, the Empire of the Rising Sun has not yet gone through the “legalization of bitcoin” box. But its rulers do not seem reluctant to any form of investment related to cryptocurrencies. This has prompted companies like Ripple to want to establish themselves in the region.

In Japan, although people aren’t too interested in CBDC, they love metaverse games, NFTs and other WEB 3.0 related projects. Even the current Prime Minister was quick to show interest in non-fungible tokens in the past.

This is certainly the reason that prompted the Japanese government to challenge Hazama Base to create its NFTs of excellence to reward bold and innovative mayors. Note that these non-fungible tokens, based on the technology Proof-of-Attendance Protocol (POAP) and issued on Ethereum, were the subject of mint on the xDai channel. They are intended only for exclusive events such as the ceremony ” Summer Digi Denkoshien 2022 » and therefore cannot be transferred or sold.

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NFTs to celebrate excellence?

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