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Japan Pop Producer To Debut New Group In The Metaverse
Japanese cryptocurrency-based company, announced that Yasushi Akimoto, known for his work on AKB48 and Nogizaka46, had been selected to act as the general producer of a project that aims to combine the company’s idols with the Metaverse (virtual reality).
Andrew
7:14 20th Sep, 2022
Metaverse

Overs wants Yasushi Akimoto to create an idol group financed by cryptocurrency. The company’s CEO made a television offer to a well-known producer and described their ambitious goals, including NFTs, the Metaverse, and international expansion.

The younger generation of people who control the market share of the idol industry is an ideal environment for product promotion. As a result of the idol sector’s allure and desire for market share, several organizations and brands in the fashion and technology industries appear to be drawn to it.

While attending a TV Tokyo event, Overs unapologetically declared their attraction to executives from AKB48 and Nogizaka46. They chose Mr. Akimoto as the General Producer, in charge of the overall strategy and operations plan for the entire idol group. However, Akimoto’s response is unknown.

Overs to Join Metaverse – Initial Exchange Offering

An Initial exchange offering (IEO) is a method of raising funds by trading newly created crypto assets on virtual currency exchanges. It is a method in which a virtual currency exchange assists in financing a project, which includes an evaluation of the target firm by the JVCEA (Japan Crypto Asset Exchange Association) and financial regulators.

Overs announced in June that it had begun planning for an IEO to take place at the crypto asset exchange DMM Bitcoin. The company will issue the Nippon Idle Token (NIDT) to implement IEO in 2023 and begin trading on virtual currency platforms.

Overs also provided a detailed timetable for the future, including the IEO’s date. Here are the details.

  • Early 2023: IEO implementation
  • Spring 2023: Recruitment and selection of members
  • Summer 2023: Final member selection, decision, and training for the formation of a new idol group
  • Autumn 2023: A new idol group debuts
  • Winter 2023: A new idol group debuts and the Metaverse starts.

Overs intends to issue NIDT by the Ethereum (ETH) standard “ERC-20.” Users of NIDT can use it to promote and encourage idol activities. In the Metaverse, the NIDT ecosystem may develop in all idol activities such as concerts, events, and NFT (trading card games).

DMM.com, a joint venture that operates DMM Bitcoin and does IEO, has recently increased its focus on the Metaverse space. It announced the launch of a new Metaverse initiative called Mid Mega City (MMC) on September 9.

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