"Otaku coin" to be issued to promote Japan's pop culture

A consortium of Japanese companies said Wednesday it is planning to issue a cryptocurrency later this year to promote the nation's pop culture.Using the "otaku coin," to be issued as early as this summer, the group aims to help finance the project of producing animation or video games that win support in voting by fans, often called otaku or geeks.Upon the issuance of the otaku coin, a predetermined number of coins will be gifted to a selected number of fans around the world, the Otaku Coin Preparation Committee said, adding it is not planning an initial coin offering, a capital-raising pla…READ FULL ARTICLE