With NFTs gaining new ground around the world, it’s always interesting to see which major organization decides to adopt them. The latest of these is Sberbank, one of the largest banks in Russia, which allows users to issue NFTs.
This comes months after the bank was given permission by the Russian government to issue digital assets.
How Sberbank accepts NFTs
As stated, the bank will add NFT functionality to the blockchain platform. With this development, users can issue NFTs directly from it. As of 2011 Sberbank This will be available from the fourth quarter of 2022, Deputy Chairman Anatoly Popov said during the recent Eastern Economic Forum.
But despite this, the bank has no plans to act independently. Instead, he is looking to collaborate with similar organizations. Art galleries And Sports leagues For NFT startups. Given how many NFT applications have been seen in the world of sports, art, and more, there’s a lot of potential out there.
Russian media have reported that the platform will initially be limited to content updates before wider access. Popov admits that some aspects of this NFT project will need to be ironed out over time and that all of them need legalization.
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Tokoni Uti has written extensively on blockchain and cryptocurrency over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.