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LINE Establishes an NFT Marketplace to Expand the NFT Ecosystem By BTC Peers

by Mike Robinson

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In order to expand the NFT Ecosystem, Line establishes an NFT marketplace

LINE Corporation is a Japanese messaging company that has plans to launch an NFT service within the next year in 2022. According to Youngsu Ko, CEO of LINE NEXT, “LINE has over a decade proven experience as an innovator, becoming one of the most popular tech companies in Asia. Now, we aim to do the same for the exciting new field of NFTs together with our global partners, with the Korea office focused on global NFT platform strategy and our office in the United States of America focused on the NFT business.” The Korean office boasts about 100 employees, while the US has about 55 employees.

However, the company already has a beta version marketplace using the LINE BITMAX currency wallet that was made specifically for Japanese markets. The NFT platform that will launch through LINE Inc. allows creators, companies and users to trade NFTs around the world. Additionally, it will support creators globally as well as create trade ecosystems that allow users to trade NFTs. This will be possible thanks to their extensive experience in the development of blockchain services and technical knowledge.

You can also read: NFT Collection or “83” Collectibles to be Launched on December 23rd, 2021

The company currently operates a LINE Blockchain Lab, and has also issued crypto-assets, LINK. The corporation also owns LINE BITMAX which is a digital wallet that allows you to trade crypto-assets, and the LINE blockchain developers platform. Currently, LINE TechPlus has distributed more than 1.3 million NFTS to blockchain partners Dentsu Innovation Initiative, Zepeto metaverse in the areas of content, gaming and intellectual property. It is eager to partner with global companies such as Yahoo in order to grow.

Through brokerage fees, the corporation will make revenue. This initiative by LINE shows that the company is staying true to its mission of “Closing the Distance” by bringing together people and information services.

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