The NFT boom, according to sceptics, was nothing more than a hype-driven “lockdown-era” bubble that had burst. But many experts believe the landscape is evolving and that the crash was a healthy correction on the road to a more dynamic NFT economy. NFTs are the future of creative ownership. When it comes to keeping artists supported and protecting them from copyright infringement – NFTs are the game-changers; with new collabs and artwork giving the market a fresh start. Today we talk about what makes NFTs special and explore the Japanese inspired NFT art collection by Susherito.
The term Non-fungible pretty much refers to something that is one-of-a-kind and can’t be replaced with anything else (like for like or the same value).
An NFT is a collectable digital asset that has value both as a kind of cryptocurrency and as a form of art or culture.
A Token is a digital unit or “thing” that is made up of unique data (artwork, music, etc.) that represents value or rights and that can be given and sold. Therefore, each NFT is truly unique, and contains data useful in proving ownership.
Creative NFTs are typically associated with digital artwork. But, in essence, an NFT can be considered anything unique that can be saved digitally and considered of value. NFTs are pretty much any kind of collector’s item, except that instead of an oil painting on canvas you have a JPG or GIF file.
The beauty of NFTs is that artists/creators can create and sell their digital art, and every time it re-sells, the original creator takes a small percentage of subsequent sales as well as everyone who’s in touch with it or sold it, all names are associated with that item.
Someone who buys an NFT online cannot alter or transfer it. They are free to share the work on social media or resell the NFT to someone else but they can’t reproduce any further verified copies for profit.
Because of Blockchain technology, NFTs are created with software code that regulates the proof of ownership. This ensures the authenticity of artwork by providing accurate information on all previous ownerships.
The tokenisation of digital artwork eliminates territorial barriers and intermediaries while enabling the fractional ownership of assets — this means that anyone can own and invest and benefit from digital art!
Japan has always had a strong presence in the world of Blockchain Technology and cryptocurrencies. Firstly, let’s not forget that the creator of Bitcoin uses the Japanese pseudonym “Satoshi Nakamoto”, Nakamoto implemented the bitcoin software as open-source code and released it in back January 2009. The rest is history.
Japanese-inspired cryptocurrency is everywhere; DogeCoin and Shiba Inu Coin are popular Shiba Inu-inspired meme currencies. Many cryptocurrencies adopted Shogun-themed names. Dojo Coin, Samurai Coin, Ronin, and Katana Coin to name a few (it remains to be seen whether or not these will prove to be cryptos worth investing in).
One cryptocurrency we’ve covered previously and are fully behind is AnimeCoin, a digital currency set up that addresses transactional needs of digital artwork created by Anime artists. We’re sure that there is a plethora of Japanese-inspired NFT artwork on OpenSea!
Felipe del Valle Preece, a Japanese food entrepreneur, has been practising Japanese gastronomy for 20 years. For more than 15 years Felipe and his wife Veronica have been developing and defining Japanese restaurants concepts; from the initial idea, to launch, and beyond.
Felipe is the founder of Sugoi JPN, named after the Japanese superlative, an exclamation linked to the positive admiration of talent or power, commonly used in Japan to describe something that is wonderful or incredibly cool.
As part of his Japanese gastronomic entrepreneurial adventures, Felipe has designed a collection of Japanese-inspired characters.
The little master sushi chef and encyclopedia loves Latin fusion.
Susherito’s lucky and loyal mascot that he cannot live without it. Part of the Susherito family, Maneki Neko was inspired by the common Japanese figurine which is often believed to bring good luck to the owner.
Hates bad sushi, always looking for the most traditional piece of nigiri. Wasibator was inspired by the traditional Japanese talisman of good luck, Daruma, also the Samurai, he hates bad sushi, always looking for the most traditional piece of nigiri.
Susherito’s lovely girlfriend. There are 39 uniquely created characters of this kawaii kokeshi!
All of Susherito’s NFT Collectables can be found and purchased on Open Sea. OpenSea is an Ethereum-based marketplace that sells various types of digital artworks and cryptocurrency collectables.
It is the largest NFT hub, with millions of NFTs available, including the best-selling ones you’ve undoubtedly heard of, such as CryptoPunks and CryptoKitties.
You’ll need an Ethereum wallet to use OpenSea. Open Sea suggests Meta Mask, which you set up on your browser.
Access your Meta Mask chrome extension and proceed to either transferring existing Ether or purchasing Ethereum via Transak.
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Japan Nakama is an online lifestyle and culture magazine. We explore our love for Japan by writing about food, art, fashion and style and anime. We also champion and promote small businesses inspired by Japan. Check out our curated Japanese product marketplace.
