Parasol is an NFT wallet focused on the Japanese market. Fan loyalty in Japan is supported by “Otaku” culture and brands are looking to monetize with NFTs, Kevin Phung, co-founder of Parasol, said. Parasol aims to provide “crypto-invisible” semi-custodial wallets that allow users to have ownership of assets, but with user-friendly safeguards in place. In one month since inception, over 35,000 Parasol wallets have been created to buy about 40,000 NFTs.

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