Japanese growers are increasingly harnessing technological innovations to improve farming methods and create a more sustainable industry. Among those embracing the digital trend is Metagri-Labo, a community launched in March 2022 that aims to merge agriculture and blockchain technology to increase farming revenues.
The group is working to make decentralized finance a reality in the agricultural industry by 2024 with the launch of its first non-fungible token project in partnership with farmers in April 2022.
The collaborative project with a watermelon farm in Kumamoto Prefecture issued 20 limited-edition “Metagri-Labo Suica Collection” NFTs, with actual watermelons and other benefits delivered to those who purchased them. The expanding community has since issued similar agricultural NFTs for tomato, grape and rice farmers, with the sale of a collection of citrus-themed NFTs to support the revitalization of Nakajima, an island off the coast of Ehime Prefecture, one of its latest projects.
Source: japantimes.co.jp
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