- Line, a Japan-based messaging application has come up with its own NFT marketplace.
- Users can trade digital assets with contacts via the Line app itself.
- Line is looking forward for collaborations with companies & family services to produce more NFT content.
Japan is an ardent admirer of NFTs and its latest move to launch its personal non-fungible token marketplace for its largest social media app, Line is the universal proof. This marketplace will be known as LINE NFT.
Line’s crypto and blockchain manager, LVC has collaborated with entertainment conglomerate, Yoshimoto Kogyo to offer as much as 40,000 different NFTs to almost 90 million users.
Initially, the about-to-release NFTs will feature videos from the company’s in-house, Yoshimoto NFT Theatre along with characters from popular anime series Mobile Police Patlabor and LINE’s character Betakkuma. To enhance the experience of users in future, several NFTs consisting of multiple genres will be made available in the coming time.
𝗟𝗜𝗡𝗘 𝗡𝗙𝗧 リリース🎉
＼ ￣￣￣￣￣ ／
🎨 😎 👯 👾 💕 🔥
— LINE NFT / Blockchain (@linenft_jp) April 13, 2022
Also Read: Weibo Launches NFT Marketplace With Minting Feature
All the users will save their NFTs in the LINE BitMa wallet, which is a product that’s available with crypto-exchange BitMax.
A recognised app that’s among the major technology companies in Japan to function on advanced technologies like blockchain and cryptocurrency, Line adds NFT capabilities to a growing list of crypto-loaded functionalities. To do so, users are allowed to pay via LINK token at any and every Line Pay’s online merchants.
As a matter of fact, Japan is very particular about its crypto legislation; however, non-fungible tokens dominate their value in the country. For instance, Nomura Holdings, country’s financial services conglomerate has created a robust plan to implement NFTs. Furthermore, Japanese e-commerce firm Rakuten has launched its NFT trading platform earlier this year.