Interview with Daisuke Miyashita "NFTs function as "containers of rights": Efficiently expressing the right to use goods and services with "RFT"

What do you think about the current Web 3.0 field?

Daisuke Miyashita (hereinafter, Miyashita): The current Web 3.0 field, especially NFTs, have been attracting attention as an innovative technology that guarantees the uniqueness and authenticity of digital data. I believe that in the future, these will demonstrate their true value not only in digital art and games, which are already becoming popular, but also in the "distribution of consumer goods" such as the rights to use real-world goods and services.

In the first place, the distribution of consumer goods can be divided into "logistics" and "commerce," and as many people realize, the cost of the former is getting smaller every year. As a common digital distribution standard, NFTs have the potential to dramatically reduce the costs associated with the latter commerce. Following the example of the container invented by Malcolm MacLean in the mid-1950s and which completely changed the face of global logistics, I call NFTs "containers of rights." In that sense, RFT (Redeemable Futures Token), invented by Tichemy and patented in October 2023, is a token standard that deserves attention in this context. RFT is based on NFT and digitizes rights to consumer goods such as rights to use real goods and services, making them more efficient to trade.

While it can be freely circulated like NFT, its feature of being converted into SBT (Soulbound Token) at the same time as receiving goods or using services (redemption) prevents the double consumption problem that occurs when linking consumer goods to tokens. In addition, after consumption, it remains in the wallet as proof of consumption. Overall, Web 3.0, NFT, and RFT have the potential to form a new stage in the intersection of the Internet and the real world, bringing about major changes in life and business.

Transforming the distribution of value throughout society

What kind of appeal do you want to deliver through your company's projects and services, and what do you want to achieve?

Miyashita: TicketMe has developed and provides Japan's first and largest NFT ticket sales platform, "TicketMe," with the mission of "delivering value where it should be." By utilizing blockchain technology, we have created a system that prevents counterfeiting and illegal resale of tickets while allowing them to be resold at a price higher than the retail price, and we also provide added value by utilizing the characteristics of NFT. In addition, through these efforts, we aim to solve the problem of tickets not being able to be sold or purchased.

Currently, it is used in various performances such as theater, live shows, and sports both in Japan and abroad, and further growth is expected. In the future, we are considering distributing all rights through NFT tickets, and aim to capture a large share of the global ticket industry. In this way, Ticketme will utilize new technology to bring innovation to the entertainment industry and at the same time, transform the distribution of value throughout society.

Future Outlook ▶︎
Digitizing rights with patented RFT Aiming to gain a share of the ticket industry in the future

https://ticketme.co.jp/

Profile

◉ Daisuke Miyashita

After entering the Faculty of Political Science and Economics at Waseda University, he started an e-commerce site that deals with apparel. After selling the business, he worked in research at independent VC EastVentures. In June 2022, he founded TicketMe Inc., which provides Japan's first NFT ticket sales platform, "TicketMe," and became its representative director.