LINE NEXT RAISES $140M TO BOOST ITS WEB3 ECOSYSTEM
In a massive development LINE NEXT Corporation, a venture focusing on the NFT ecosystem, has received an investment of USD 140 million led by Crescendo Equity Partners. This investment marks the largest in the Asian Web3 industry for the current year, positioning LINE NEXT for growth in the global Web3 ecosystem.
In January 2024, LINE NEXT plans to unveil DOSI, its new global NFT platform. This digital marketplace will allow for the trading of diverse digital products and will be integrated with Japan’s LINE NFT marketplace. The DOSI platform will be accessible worldwide through a mobile app.
Additionally, LINE NEXT is developing solutions to make it easier for services and brands to incorporate Web3 by enabling direct ownership and trading of digital products.
To further its efforts to popularize Web3, LINE NEXT plans to launch new services, including an AI-powered social app and Web3 games featuring BROWN & FRIENDS characters. These projects are expected to be built on the public blockchain Finschia, with LINE NEXT and Crescendo participating in the Finschia Foundation as governance members to contribute to its ecosystem expansion.
This groundbreaking development not only signals a significant drive towards embracing web3 but also underscores a pivotal shift in the technological landscape, heralding a new era of decentralized possibilities and innovative opportunities for businesses to explore. The corporate vision for their web3 products and services aligns seamlessly with the upward growth trajectory of the digital realm.
Personally, I am thrilled to hear about this as it stands as an affirmation of how brands/companies are looking to leverage the web3 space in a bid to strengthen their connection with their audience as well as offer distinctive experiences that will enchant their users.
We at Skor Metaverse are elated about this development as it solidifies companies like LINE NEXT Corporation commitment towards exploring and capitalizing on opportunities within the digital realm.
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