Japan’s Top Messaging App LINE Launches Marketplace With 40000 NFTs – LINE, Japan’s most popular social network and messaging software, has created a non-fungible token marketplace (NFTs). 90 million LINE users will be able to share and exchange NFTs with their friends thanks to the new service.
LVC Corp., which runs LINE’s crypto asset and blockchain businesses, announced the debut of LINE NFT, a non-fungible token marketplace accessible only in Japan, on Wednesday. LINE describes itself as the world’s fastest-growing mobile messenger app. It allows users to send free messages, make free voice calls, as well as free video calls.
“LINE NFT will provide over 40,000 NFT products for sale, including Yoshimoto NFT Theater,” according to the release, which also states that users can keep acquired NFTs in their LINE Bitmax wallet.
Yoshimoto NFT Theater is a collection of Yoshimoto Kogyo Holdings Co. Ltd. NFTs. LINE launched Bitmax, a cryptocurrency exchange, in September 2019. It can be accessed via the LINE app.
The following information is included in the announcement:
“Users can trade or exchange NFTs with their LINE buddies through the LINE app, which has a user base of around 90 million in Japan.”
Japan’s Top Messaging App LINE Launches Marketplace With 40000 NFTs – NFTs of popular characters, such as Betakkuma, Gyuunyuu, and Usagyuuun will be available on the LINE NFT marketplace, as well as NFTs from the anime series “Patlabor: The Mobile Police.” According to the company, more NFTs from many other genres would be distributed at a later date.
LVC Corp. said it will continue to “offer NFT and other blockchain technology and services that can be used practically to users’ daily lives,” emphasizing the concept of “LINE Blockchain Designed For Everyone.”
Rakuten, a Japanese e-commerce giant, is also developing an NFT marketplace. “Rakuten NFT is a service that offers a marketplace for users to acquire NFTs, as well as peer-to-peer purchasing and selling of NFTs, in a variety of fields such as entertainment and sports, including music and anime,” the firm explained in a Feb. 25 release. “In 2023 or later, a system for peer-to-peer issuance and selling of NFT content will be launched.”