LINE NEXT, the NFT division of Japanese social media site LINE, announced We have launched a Non-Fungible Token (NFT) Marketplace to provide our users with a wide range of products.
NFT Marketplace called Doshiwas launched with the help of partners such as SoftBank, Crypto.com and Visa after running a beta in September.The beta was an instant hit among users, with DOSI surpassing his 100,000 wallet We have users from about 150 countries.
LINE NEXT CEO Young-Su KO described the launch as a move to introduce Southeast Asian arts and culture to a wider audience. He added that DOSI offers strong language support, so besides Japanese collectibles, Korean, Chinese and Thai creators can leverage the platform to list his NFTs.
“By exposing Asian content to the global NFT market, our partnership will lead to a new fandom culture and mass adoption of NFTs.
The newly launched NFT Marketplace features four features designed to “shape the adoption of NFTs”. Features include use of branded stores, easy payment options using fiat or virtual currency, special membership benefits, and extensive language support.
According to a roadmap on the project’s website, DOSI plans to improve land launches and “expand DOSI Citizen services with third parties.” The platform had previously launched airdrops for wallet users and ran raffle promotions to reward users.
LINE NEXT has revealed that it has received $10 million investment from 10 companies including SoftBank Corp, WEBTOON and Naver to support NFT Quest. Blockchain-based Japan in collaboration with Visa, Yahoo! cross border payments Shows LINE NEXT’s deep push to Web 3.
Still lagging behind other Japanese companies
LINE has made a global foray into the NFT space, but its efforts have lagged behind other Japanese companies in the ecosystem. RakutenJapanese retailer has unveiled its NFT Marketplace to a wider global audience. Since its launch, its metrics have stood out from the rest.
Animoca Brands’ Japanese subsidiary has raised over $45 million at a $500 million valuation to deepen its ties with the local NFT industry.
Institutional investors are not the only ones stepping into the Japanese NFT market, but the government is also making inroads into the space. Prime Minister Fumio Kishida Identified NFTs and the Metaverse are central to the revitalization of Japan’s digital economy.
Watch: BSV Global Blockchain Convention Panel, Metaverse, NFTs, Blockchain
width=”562″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>
New to Bitcoin? Check out CoinGeek Bitcoin for beginners Section is the ultimate resource guide for learning more about Bitcoin and blockchain, originally conceived by Satoshi Nakamoto.