Greenway Grid Global Pte. Ltd. & TEPCO Power Grid, Inc.: the Sale of "Electric Power Asset NFT (Transmission Tower NFT Card, Utility Pole NFT Card)"

Rhea-AI Summary

Greenway Grid Global and Tokyo Electric Power Grid have announced the launch of "Electric Power Asset NFTs" starting April 3, 2023. These NFTs, which represent images of power assets like transmission towers, will be sold on their websites and are part of the expanding Web3.0 trend. The global NFT market is projected to grow significantly, and the domestic market in Japan is expected to rise from several tens of billions of yen to hundreds of billions by 2030. Prices for NFTs range from 3,000 to 100,000 yen depending on the rank of the card. Collaborations with Digital Entertainment Asset aim to create added value beyond ownership, enhancing engagement within the power industry.

Positive

• Launch of Electric Power Asset NFTs introduces a new revenue stream.
• Collaboration with Digital Entertainment Asset aims to enhance value and engagement.
• NFT sales tap into the growing Web3.0 market with expected substantial growth.

Negative

• None.

~ Venturing into the world of WEB 3.0 ~

SINGAPORE & TOKYO--(BUSINESS WIRE)-- Greenway Grid Global Pte. Ltd. (Headquarters: Singapore, President: Kazuhiko Shiba; hereinafter referred to as, "GGG") and Tokyo Electric Power Grid Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President/CEO: Yoshinori Kaneko; hereinafter referred as, "TEPCO PG") are pleased to announce the sale of "Electric Power Asset NFT" on their websites starting on Monday, April 3, 2023. The NFTs are pictures of TEPCO PG power assets, such as transmission towers and utility poles, that have been digitalized using NFT technology^*1.

Utility pole NFT card (Numa 218) (Graphic: Business Wire)

The global NFT market is said to be worth trillions yen, and the domestic market is expected to grow from several tens of billions yen to hundreds of billions yen by 2030.

GGG sees this as an opportunity to embrace the expanding Web3.0^*2 trend and produce and sell "Electric Power Asset NFT (Transmission Tower NFT Cards, Utility Pole NFT Cards)" that are based on TEPCO PG's "Transmission Tower Card", which has been primarily used for recruitment purposes. Furthermore, we plan to collaborate with DEA^*3, which has experience with, and WEB3.0 technical prowess that it has cultivated through, NFT gaming and the NFT market, in order to explore new ways to add value beyond mere ownership of the "Electric Power Asset NFT."^*4

In producing the electric power asset NFT, TEPCO PG provides photos of facilities that harmonize with the scenery and the stories of each asset from among the electric power assets that TEPCO PG owns, which stretch from the cities to the mountains, thereby conveying the appeal of its electric power assets and supporting recruitment and other activities throughout the power industry.

*1 Non-Fungible Token (NFT). NFT uses blockchain technology to create unique digital assets.
*2 WEB3.0 is an "economy that creates, holds, and exchanges value using tokens, such as cryptocurrency, on the blockchain". Source: Web3.0 (METI/Ministry of Economy, Trade and Industry)
*3 DEA (Digital Entertainment Asset Pte. Ltd.). Since its launch on 26th May 2020, the NFT game platform "PlayMining" has gained over 2.7 million users in over 100 countries. DEAPcoin is Japan's first Play-to-Earn token, and "PlayMining" is the world's first Play-to-Earn token economy, leading the world's GameFi field.
*4 Signing of a MOU with Digital Entertainment Asset Pte. Ltd. for consideration of a Sustainable Social Contribution Game Utilizing “Electric Power Asset NFT”
https://www.greenwaygrid.global/signing_of_mou_with_dea/

Please see the below attachment for an overview of “Electric Power Asset NFT (Transmission Tower and Utility Pole NFT Cards)” and the method of sale.

Overview and method of sale of
“Electric Power asset NFT (Transmission Tower and Utility Pole NFT cards)”

1. Card type and price

(Transmission Tower NFT card)

• S rank (1 type x 5 sheets): 100,000 yen/1 sheet (tax included)
• A rank (2 types x 10 sheets): 30,000 yen/1 sheet (tax included)
• B rank (2 types x 10 sheets): 10,000 yen/1 sheet (tax included)
• C rank (5 types x 20 sheets): 3,000 yen/1 sheet (tax included)

(Utility pole NFT card)

• S rank (1 type x 5 sheets): 100,000 yen/1 sheet (tax included)
• A rank (2 types x 10 sheets): 30,000 yen/1 sheet (tax included)
• B rank (2 types x 10 sheets): 10,000 yen/1 sheet (tax included)
• C rank (5 types x 20 sheets): 3,000 yen/1 sheet (tax included)

2. Sales Volume

10 types of Transmission Tower NFT card, 10 types of Utility pole NFT card, 290 sheets in total

3. Sales period

April 3 to 30, 2023
*Sales start at 9:00 (JST) on April 3 (Monday)

4. Sales

Sold at the following internet site
https://nft.hexanft.com/en/users/g1mRrrU3HXQTDP?collection=%E3%80%90%E9%9B%BB%E6%9F%B1%E3%80%91%E3%83%A9%E3%83%B3%E3%82%AFS

5. Benefits

If you purchase one or more NFT from each rank (S to C), you will receive a “Premium Electric Power Asset NFT”. (See the URL above for details)

6. Production Involvement

Production: Greenway Grid Global. Pte. Ltd.
Sponsored by: Transmission Line Construction Technology Study Group
Photo: TEPCO Power Grid, Inc.
Supported by: Digital Entertainment Asset Pte. Ltd

View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005884/en/

For inquiries contact:

Kazuki Kito

Innovation Manager, Greenway Grid Global Pte. Ltd.

kito.k@greenwaygrid.global / +65-9023-6603

Source: TEPCO Power Grid, Inc.

FAQ

When will Electric Power Asset NFTs be available for sale?

The Electric Power Asset NFTs will be available for sale starting April 3, 2023.

What is the price range for the Electric Power Asset NFTs?

Prices for the Electric Power Asset NFTs range from 3,000 yen to 100,000 yen, depending on the rank of the card.

How does the partnership with Digital Entertainment Asset impact the NFT sales?

The partnership with Digital Entertainment Asset aims to enhance the value of the NFTs and engage users through added experiences.

What types of assets will the NFTs represent?

The NFTs will represent images of power assets, including transmission towers and utility poles.

What is the expected growth of the NFT market in Japan by 2030?

The domestic NFT market in Japan is expected to grow from several tens of billions of yen to hundreds of billions by 2030.