The Japanese messaging application, LINE Corporation announced on Twitter the launch of a non-fungible token (NFT) marketplace by April 13, 2022. The software giant has decided to dedicate a venture to developing and expanding the global NFT ecosystem, called LINE NEXT. #LINENEXT is launching a series of global #NFT partnerships, teaming with leading gaming, entertainment, art and service companies. The partnerships will develop NFTs based on famous IP and artists on #LINE NEXT’s #globalNFT platform #DOSI. Learn more:https://t.co/l0k5UmUyVo pic.twitter.com/kAN2E8Yw4b — LINE Global (@LINE_Global) March 16, 2022 Multiple Partnerships to Create NFT Earlier this month, LINE NEXT announced the formation of 26 partnerships with a range of leading companies on their official website. The partnership involves SoftBank, NAVER, LINE Taiwan Ltd., NAVER Z, Crypto.com, CJ ENM, YG PLUS, Hashed, SHINSEGAE, AI Network, J&John, Mythical Games, WOW POINT, LINE Games, and many more. The CEO of LINE NEXT, Youngsu Ko stated that the combination of LINE’s infrastructure and blockchain will create a quality NFT ecosystem. “These partnerships are the start of many more to come in accelerating the global NFT ecosystem.” Objective and Strategy of LINE NEXT The many partnerships of LINE NEXT aim to create NFTs on the basis of popular content, iconic work of renowned artists, entertainment, webtoons, art, gaming, etc. LINE NEXT aims to expand the NFT ecosystem and establish the NFT value chain, globally. The corporation enables users to purchase and sell NFTs with family payment modes. Alongside minting NFT collectibles, LINE NEXT plans to build marketplaces and support trading through their upcoming global NFT platform, DOSI. The NFT platform aims to support companies and creators alike in creating marketplaces, communities, and ecosystems to purchase and trade NFTs.
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