Minister of Economy, Trade and Industry Hagiuda has revealed that he is preparing for a demonstration experiment in the field of fashion, regarding a technology called "NFT" such as a certificate showing that the products bought and sold in the digital space are original. did.
NFT is an authentication technology that proves that products bought and sold in digital space such as Metaverse are original.
Forgery and duplication are difficult due to advanced blockchain technology, and the world market is expanding rapidly, with art works that utilize this being sold at high prices.
At a press conference after the Cabinet meeting on the 28th, Minister of Economy, Trade and Industry Hagiuda revealed that he is preparing for a demonstration experiment to secure a new source of income for designers in the field of fashion.
On top of that, Minister Hagiuda said, "It is expected that fashion designers and others will sell NFTs of their own works, which will lead to securing income sources different from those mass-produced. This technology can transform various industries. It has the sexuality, "he said, and expressed his hope for the spread of technology in the future.