Line - Leading Messaging App In Japan To Launch NFT Marketplace 
Source: Line Blockchain Twitter @LINEBC_Global

Line, the leading messaging app in Japan, plans to launch an NFT marketplace in April 2022.

Details of the Marketplace

According to a report by CoinPost, the marketplace, which will be called Line NFT, will be affiliated with 17 content firms and will sell over 100 types of NFTs. Those who buy NFTs on the marketplace can send them to friends who own a Line app. The NFTs can be bought via credit cards or crypto. Afterward, Line plans to roll out Dosi, which will be a global NFT platform in 180 nations by the end of March 2022.

Line and the Crypto Sector

Line first entered the crypto and blockchain sector with the launch of “LINE Blockchain Lab” in 2018. Since then, the company has been working on research and development related to the blockchain. The company offers developers an environment where they can issue NFTs on the LINE Blockchain. The company has also created a digital wallet called LINE BITMAX Wallet, which can be used to store NFTs.

Line even launched an in-house crypto coin called LINK. In February this year, the company announced that it would offer the LINK coin as a payment option for some online merchants. This would be part of a trial that would run from March 16 to December 26, 2022, in Japan only. During the period, LINK users will be able to use their coins to pay merchants online just like they would with LINE Points without commissions.

Future Plans

For now, those who buy NFTs can exchange them with their friends using Line. However, the company has bigger plans for the future. For instance, the company plans to offer opportunities to give NFTs as rewards for purchases. Various companies from the entertainment, sports, anime, and art world will participate in this ecosystem.

About the DOSI Platform

On 16th March 2022, Line announced that it had partnered with 26 companies from different fields. As part of this partnership, Line plans to launch the DOSI global NFT platform.

This platform will be offered in 180 nations. Companies and creators will be able to create brand stores and grow a global community via this platform. Purchasing NFTs will be done using crypto or fiat.

Summary

Line is one of the biggest messaging apps in the world. With a user base of 182 million people, it could have a huge impact on the NFT industry. Its embrace of crypto and blockchain technology could also one day give it an edge over other messaging apps which have been unable to enter the crypto world due to legal hurdles. It could also help to spread the adoption of the NFT sector once it launches its global NFT platform.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.

This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like

Italy Believes Blockchain Can Fix Financial Inefficiencies Equating To Billions

Three tech companies in Italy, including SIA, recently announced that they are…
ROCKI Music NFT Platform Launches On Binance Smart Chain (BSC)

ROCKI Music NFT Platform Launches On Binance Smart Chain (BSC)

ROCKI, a music streaming service, and NFT platform is becoming the first…
Bank Of England Partners With MIT For CBDC Research Project

Bank Of England Partners With MIT For CBDC Research Project

The Bank of England will work with MIT on a research project…
ethereum rainbow chart

Ethereum rainbow chart – What is it?

Are you curious about the Ethereum Rainbow Chart and how it can…
NFT SEO

NFT SEO – What You Need to Know to Scale Your Project

If you’re involved in the NFT (non-fungible token) space, you’re likely aware…
Onchain Music Releases MUSIC Token

Onchain Music Releases MUSIC Token

What does music have to do with blockchain and cryptocurrency? Remember that…
Elliptic Flags Crypto Wallets Containing Millions Of Dollars From Sanctioned Russians

Elliptic Flags Crypto Wallets Containing Millions Of Dollars From Sanctioned Russians

Elliptic, the blockchain analysis firm, claims to have uncovered millions of wallet…
Overcoming Blockchain Interoperability Challenges

Overcoming Blockchain Interoperability Challenges

Blockchain technology has revolutionized various industries and has the potential to transform…
MedicalVeda

MedicalVeda Unveils DeFi Based Protocol For The Health Care Sector

On September 26, 2020, MedicalVeda, which is based in Canada, announced its…
Crypto Casino Games

Understanding the Exciting World of Crypto Casino Games

Are you tired of the same old casino games with traditional currencies?…