This is the first time NFT has been used by the Japanese Cabinet Secretariat. Ethereum was used as the blockchain.
It is also reported that they are working on the basis of the Proof of Participation Protocol (POAP), which translates as “proof of visit protocol”. Such collectible tokens are not transferable to another person.
They can be used to verify the identity of the owner or to prove that person was present at an event.
Earlier, Vladimir Smerkis, director of the Russian division of the Binance cryptocurrency exchange, said that mining is not worth criticizing for being “not environmental”. In fact, banks consume much more energy.
Source: Ferra
