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Japan’s Line social messaging app launches NFT marketplace By BTC Peers

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Japan’s Line social messaging app launches NFT marketplace

With many social media platforms launching NFT marketplaces, Japan’s most popular social messaging app has joined the bandwagon. Line launched its NFT marketplace called LINE NFT.

Following a partnership with Yoshimoto Kogyo, a major Japanese entertainment conglomerate, Line’s crypto and blockchain manager LVC Corporation will bring around 40,000 different NFTs to its 90 million users.

The first set of NFTs will include videos from the company’s in-house Yoshimoto NFT Theatre, in addition to avatar collectibles from the well-known anime series Patlabor the Mobile Police.

According to the announcement, this new marketplace is only available in Japan. You can store your NFTs within the LINE BITMAX wallet. This digital asset management wallet was created in collaboration with BitMax.

Line is adding new features to the NFT marketplace, which joins a growing collection of cryptocurrency-ready rollouts. The company made it possible for customers to purchase items using its native LINK token (LN), at merchants that accept LINE Pay.

Line is not unfamiliar with the world of cryptocurrency. Line is a well-known tech company in Japan that has been embracing blockchain technology and cryptocurrency. In fact, it launched its crypto exchange in 2018!

Interestingly, despite Japan’s relatively strict regulatory stance on cryptocurrencies, NFTs are booming in the region. The Japanese conglomerate of financial services is a prime example. Nomura Holdings The latest big player to announce an action plan is (NYSE:). Rakuten NFT, a major Japanese ecommerce company launched in February.

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