Japan’s Top Messaging App LINE Launches Marketplace With 40,000 NFTs

Japan’s prime social community and messaging app, LINE, has launched a market for non-fungible tokens (NFTs). The new service permits 90 million LINE customers to ship and alternate NFTs with their pals.

‘LINE NFT’ Marketplace Launched

LVC Corp., the operator of LINE’s crypto asset and blockchain companies, introduced Wednesday that it has launched LINE NFT, a non-fungible token market obtainable solely in Japan. LINE described itself as “the fastest-growing cellular messenger app on the earth.” It provides free messages, voice calls, and video calls.

“From right now, LINE NFT will provide round 40,000 NFT merchandise on the market, together with Yoshimoto NFT Theater,” the announcement notes, including that “Users can retailer bought NFTs of their LINE Bitmax pockets.”

Yoshimoto NFT Theater contains NFTs of movies by Yoshimoto Kogyo Holdings Co. Ltd. Bitmax is a cryptocurrency alternate launched by LINE in September 2019. It is accessible by way of the LINE app.

The announcement additional particulars:

Through the LINE app — with a userbase of roughly 90 million in Japan — they’ll conveniently ship or alternate NFTs with their LINE pals.

The LINE NFT market may also provide NFTs of in style characters — together with Gyuunyuu, Usagyuuun, and Betakkuma — and NFTs from the anime sequence “Patlabor: The Mobile Police.” The firm added that extra NFTs “from many various genres will likely be supplied at a later date.”

Emphasizing the idea of “LINE Blockchain Designed For Everyone,” LVC Corp. stated that going ahead it goals to “present NFT and different blockchain companies and applied sciences that may be utilized virtually to customers’ every day lives.”

Japanese e-commerce large Rakuten can be launching an NFT market. “Rakuten NFT is a service that gives a market for customers to buy NFTs, in addition to peer-to-peer shopping for and promoting of NFTs, in a spread of areas reminiscent of sports activities and leisure, together with music and anime,” the corporate described in an announcement on Feb. 25. “A service for peer-to-peer issuing and promoting of NFT content material is deliberate for launch in 2023 or later.”

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