Japan’s most popular social networking app, Line, has launched an NFT marketplace dubbed Line NFT. Despite the fact that the corporation delivers its services in a number of Asian nations, the possibility will initially be offered solely to Japanese consumers. The Line NFT marketplace will allow 90 million Japanese users to purchase and trade 40,000 non-fungible tokens (NFTs). Line NFT also provides special digital collectibles using Yoshimoto Kogyo Holdings’ movies, the iconic anime series Patlabor the Mobile Police, and artwork of other popular characters.
Japan’s leading social media app, Line, enters NFT Market
LVC Corporation (LVC), the operator of Line’s blockchain divisions, has opened the Line NFT marketplace. Line stated that it will introduce additional NFTs from other genres in the future by collaborating with Line Family Services and other firms. Customers may keep their collectibles in their Line BITMAX Wallet once they’ve purchased them. They can also use the programme to transfer or exchange NFTs with other users.
LVC has promised to continue providing a “myriad of experiences to users in collaboration with other group companies.”
The firm announces:
“Moving forward, with the concept of “Line Blockchain Designed for Everyone,” LVC will aim to provide NFT and other blockchain services and technologies that can be applied practically to users’ daily lives.”
The Line reaches various East Asian nations, servicing about 600 million people. It is the most popular messaging app in Taiwan and Thailand, in addition to Japan. Nonetheless, the NFT marketplace will be limited to Japanese consumers for the time being.
Japanese gaming giant’s bullish views on NFTs
It goes without saying that “The Land of the Rising Sun” is a high-tech country that is home to some of the world’s top video game and entertainment firms.
Earlier this week, top officials at Sega Corporation (one of the major such companies) announced plans to launch a “Super Game” effort that might include NFT technology. Masayoshi Kikuchi, the firm’s producer, called the link between Sega and digital collectibles a “natural extension for the future of gaming.”
Shortly after, another Japanese gaming titan, Bandai Namco, established a fund of around $8 million in one year and $23.8 million in three years to invest in NFT, Web3 economy, and Metaverse-related firms.
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- Japanese game Bandai Namco to invest $31.7 million in Web3 and Metaverse start-ups
- Japanese game Bandai Namco to invest $31.7 million in Web3 and Metaverse start-ups
