Line Next has introduced a $140 million strategic funding from native non-public fairness firm Crescendo Fairness Companions, which will likely be used to speed up the expansion of its DOSI blockchain social and gaming platform in 2024.
The US-based blockchain arm of South Korean social community Line, Line Next has been engaged on a beta browser-based model of DOSI throughout 2023 and is now prepared for the official launch of the cell app in January, which will likely be built-in with the prevailing Line NFT market in Japan and different present companies akin to DOSI Citizen.
Different deliberate merchandise embrace an AI-based social app that may use the platform’s avatars, and new video games utilizing the favored Brown & Mates IP. The Sport Dosi platform presently solely lists 4 titles. Nevertheless, sooner or later, Line Next hopes that builders of web2 video games can even combine the platform, giving them the flexibility to promote non-blockchain belongings and currencies, alongside NFTs.
As a part of the funding, Crescendo will turn into a governance member of Line Next’s Finschia blockchain, which is what DOSI is deployed on.
To-date, Line Next claims round 5.5 million DOSI customers and over 20 million NFTs distributed.
“Line’s global competitiveness and its vision to lead Web3 services were the investment thesis,” mentioned Kevin Lee, the managing associate of Crescendo. “We hope to build a standard for web3 apps that general users can easily use and adopt blockchain to all sorts of services and brands of web2.”
You can arrange a DOSI account utilizing social signup right here and entry Sport DOSI right here.
