Crypto Updates

Line Launches Its First-ever NFT Marketplace in Japan

This year in February, Line for the first time enabled users to expend for items with its indigenous token (LN) at any of Line Pay’s online merchants.Line, a popular social media application prominent in Japan, has formally revealed its own Non-Fungible Token (NFT) marketplace. Called the “LINE NFT”, the launch of this NFT comes after…

Japan's Messaging Platform LINE to Launch NFT Marketplace | Blockchain News

This year in February, Line for the very first time made it possible for users to use up products with its native token (LN) at any of Line Pay’s online merchants.

Line, a popular social network application popular in Japan, has officially exposed its own Non-Fungible Token (NFT) market. Called the “LINE NFT”, the launch of this NFT follows a prominent Japanese home entertainment giant Yoshimoto Kogyo who worked together with the social network’s business.

LVC Corporation, Line’s group business that cares for its crypto properties and blockchain company systems, is all set to offer around 40,000 special Non-Fungible Tokens to the ninety million users of the application.

Initially, the very first lot of Non-Fungible Tokens will include several videos from the company’s in-house, Yoshimoto NFT Theatre, together with performances of characters from the popular anime series Patlabor the Mobile Police. There will be much more NFT drops with amazing deals prepared for the next couple of months.

Users can hold their traded NFTs in the Line BitMax wallet, as an outcome of the collaboration of Line and crypto exchange BitMEX. In August 2020, Line released its native token LINK (LN) on the popular crypto exchange BitMEX. LN was the 6th crypto token accepted and traded on BitMax, after Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin. The application likewise provides NFT abilities to an ever-increasing list of crypto-ready characteristics.

Japan-based Messaging App LINE Launches NFT Marketplace - TechnoPixel

This year in February, Line for the very first time allowed users to use up products with its native token (LN) at any of Line Pay’s online merchants. In a statement, Line Corporation mentioned that from 16 th March, users will have a choice to pay with a native LINK token. Because this was expected to be a trial run, it ends on the 26 th of December 2022 This will assist the company to identify real-life usage cases for the digital token along with enhancing the easy-to-use nature of the application.

Founded in South Korea, the application has experienced enormous appeal in Japan. The business is called among the most progressive innovation companies in Japan that have embraced the crypto area with fantastic eagerness. Line likewise inaugurated its extremely own cryptocurrency exchange in 2018.

Non-Fungible Tokens are getting tremendous attention not just in Japan, but all around the world. Even with numerous strict guidelines and requirements imposed by authorities in the nation, Japanese individuals and businesses have not stopped complying with the crypto area over time. Just recently, the Japanese monetary services conglomerate Nomura Holdings ended up being the most recent substantial gamer in the nation to broaden on a prepare for licensing and imposing NFTs.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top