Japan’s Prime Minister Fumio Kishida and his administration have continuously shared an interest in NFTs on various occasions. The government is now finally making use of NFTs to reward workers.
At the Summer Digi Denkoshien 2022 conference attended by PM Kishida, the Cabinet Secretariat issued NFT rewards to local mayors for initiating digital projects in their cities.
The mayors rewarded with NFTs, include Itaru Maruyama from Yamagata, Sakata, and Ryu Yamamoto from Maebashi, Gunma, who “utilize digital technology to solve local issues and improve their appeal.”
According to Coinpost, the event was also attended by four digital companies, Indiesquare, Bitflyer Holdings, Tree Digital Studio, and Tomonari Kogei, to honor the work of these mayors.
Since Japan has a history of being pro-innovative with new technology, it is among the few countries that pro-adopted cryptocurrency as a trading asset. Now, NFTs have entered the official office.
The NFTs issued by the government cannot be sold on the secondary market but they hold a national value to the mayors. Just like honorary awards in a ceremony, these NFTs are designed the same way.