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Japan’s top social media platform, LINE, announces a move into NFTs

One other heavyweight has entered the ring. With a decade in enterprise, LINE have a sturdy portfolio of following by means of with what they got down to do. LINE is in a powerful place, beginning with social media to ending up in LINE NFT market and a part of the metaverse.

phone with green background and LINE logo
LINE has entered the NFT Market. Credit score to LINE

Who’s LINE?

LINE is Japan’s largest social media platform. Toppling their competitor KakaoTalk in 2013 with over 300 million customers. Immediately that quantity is anticipated to have doubled at the very least. Beginning as a freeware app for immediate communications reminiscent of texting, video calling, voice messaging. They began introducing numerous providers like digital wallets known as LINE pay. Now they’ve an enormous quantity of providers reminiscent of LINE ticket, LINE recordings, LINE Manga and LINE FX, simply to call a number of.

On their web site, they talk about how they created a taxi service. In the course of the pandemic, it misplaced a large quantity of earnings. To fight this, they took the chief determination to vary the taxies to a meals supply service, which ended up booming. Contemplating this, it’s unsurprising that they’re leaping headfirst within the NFT and metaverse world.

What has been introduced?

LINE hosts an annual Taiwanese developer convention known as “LINE TAIWAN TECHPULSE 2022”. This on-line convention publicizes quite a lot of tasks and updates from the staff. This yr they launched LINE NFT market known as DOSI. The event plan and the primary wave of on-line providers of the buying and selling platform “DOSI” are predicted to be launched within the first quarter of this yr. Making a NFT market has been all the craze already this yr, Bybit introduced their NFT market not lengthy earlier than LINE.

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Following the discharge of the NFT Market platform in Japan, LINE formally acknowledged that the DOSI platform created by LINE’s blockchain helps 8 languages ​​and will probably be accessible in 180 nations. LINE dropped its entry into the Metaverse, launching the DOSI platform. World firms, creators and followers can create digital financial circles and construct NFT branded shops.

 

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