NFT
Japan’s top messaging app LINE launches a marketplace with 40,000 NFTs
Japan’s top social network and messaging app, LINE, has launched a marketplace for non-fungible tokens (NFTs). The new service allows 90 million LINE users to send and exchange NFTs with their friends.
‘LINE NFT’ Marketplace Launched
LVC Corp. is the operator of LINE’s crypto asset and Blockchain businesses. On Wednesday, LINENFT ,, a non-fungible token marketplace, was announced. LINE is described as the “fastest-growing mobile messenger app” and offers free voice and video calls.
“From today, LINE NFT will offer around 40,000 NFT products for sale, including Yoshimoto NFT Theater,” the announcement notes, adding that “Users can store purchased NFTs in their LINE Bitmax wallet.”
Yoshimoto NFT Theater comprises NFTs of videos by Yoshimoto Kogyo Holdings Co. Ltd. Bitmax is a cryptocurrency exchange launched by LINE in September 2019. You can access it through the LINE App.
The announcement provides further details:
Through the LINE app — with a userbase of approximately 90 million in Japan — they can conveniently send or exchange NFTs with their LINE friends.
The LINE NFT Marketplace will also offer NFTs for popular characters, including Gyuunyuu and Usagyuuun. Additionally, NFTs from “Patlabor : The Mobile Police” will be available at a later time .”
LVC Corp. emphasized the idea of “LINE Blockchain Designed for Everyone” and stated that it aims to provide NFT and other cryptocurrency services and technologies that can be used practically in users’ everyday lives .”
Japanese online retailer Rakuten has also launched an NFT marketplace. “Rakuten NFT is a service that provides a marketplace for users to purchase NFTs, as well as peer-to-peer buying and selling of NFTs, in a range of areas such as sports and entertainment, including music and anime,” the company described in an announcement on Feb. 25. “A service for peer-to-peer issuing and selling of NFT content is planned for launch in 2023 or later.”
What do you think about LINE launching an NFT marketplace? Please leave your comments below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection of cryptography and economics.
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