Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 126

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 126
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, delegator, or validator acts maliciously on the network, “double signs” 
transactions, or if extended downtimes occur. If we or our service providers are slashed by the underlying 
blockchain network, our customers’ assets may be confiscated, withdrawn, or burnt by the network, resulting in 
losses for which we may be responsible, which could damage our brand and reputation, cause us to suffer financial 
losses, discourage existing and potential customers from utilizing our products and services, and adversely impact 
our business.
Coincheck NFT Marketplace
Our Coincheck NFT Marketplace, which we launched in 2021, is offered through a separate display screen 
to our customers. It was, when launched, the first off-chain NFT exchange platform in Japan operated by a crypto 
asset exchange company on which NFTs can be listed for sale and purchase.  A non-fungible token (or NFT), unlike 
Bitcoin and altcoins, is a digital asset that is unique and non-interchangeable. In recent years, NFTs have been 
attracting attention not only as a means of exchanging items in blockchain games, but also as artwork for sale and to 
appeal to fan communities. Our Coincheck NFT Marketplace screen lists more than 1,000 NFTs our customers can 
click on to initiate a transaction, including globally popular NFTs like The Sandbox, a blockchain game funded by 
Softbank’s Vision Fund 2, and Meebits, created by Larva Labs, the developer of CryptoPunks, one of the world’s 
most popular NFT projects.  The box on the screen showing a particular NFT’s listing displays the price set by the 
seller in a selected cryptocurrency and the Japanese yen equivalent based on current market prices, as well as the  
Ethereum equivalent if the seller selects a payment in cryptocurrency other than Ethereum. To be a seller or buyer 
on our Coincheck NFT Marketplace, you must first have a customer account with us. The seller of the NFT sets the 
accepted payment methods, and the buyer pays the purchase price for the NFT from his or her customer account. 
Our sales commission for the NFT transaction, which is generally 10% of the purchase price, is deducted and 
retained by us, and the purchase price paid by the buyer, less our sales commission, is deposited into the seller’s 
customer account. 
The box on the screen for each listed NFT, when