LINE NEXT Company, a enterprise specializing in the NFT ecosystem, has acquired an funding of USD 140 million led by Crescendo Fairness Companions. This funding marks the most important within the Asian Web3 trade for the present yr, positioning LINE NEXT for progress within the world Web3 ecosystem.
New Providers and International Enlargement for LINE NEXT
In January 2024, LINE NEXT plans to unveil DOSI, its new world NFT platform. This digital market will permit for the buying and selling of various digital merchandise and shall be built-in with Japan’s LINE NFT market. The DOSI platform shall be accessible worldwide by means of a cellular app.
Moreover, LINE NEXT is creating options to make it simpler for companies and types to include Web3 by enabling direct possession and buying and selling of digital merchandise.
Pre-announcement for Official Launch of DOSI in Jan. ’24
DOSI shall be formally launching in Jan 2024!
Increasing as a Numerous Digital Market, Launch of Cellular APP, formally launching in Japan.. and extra!
8 Main adjustments in DOSI with its official launch and wish… pic.twitter.com/Kh02EpLYwd
— DOSI_official (@DOSI_official) December 13, 2023
Strengthening Web3 Presence
To additional its efforts to popularize Web3, LINE NEXT plans to launch new companies, together with an AI-powered social app and Web3 video games that includes BROWN & FRIENDS characters. These tasks are anticipated to be constructed on the general public blockchain Finschia, with LINE NEXT and Crescendo collaborating within the Finschia Basis as governance members to contribute to its ecosystem enlargement.
Backed by Peter Thiel, co-founder of Palantir Applied sciences, Crescendo brings sector experience and a tech-ecosystem strong community. The agency identifies and nurtures potential world leaders amongst small to mid-cap expertise firms.
Development and Prospects for the Future
Kevin Lee, Crescendo’s managing accomplice, highlighted LINE’s world competitiveness and imaginative and prescient for Web3 management as key components within the funding: “LINE’s global competitiveness and its vision to lead Web3 services were the investment thesis…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.”
Youngsu Ko, CEO of LINE NEXT, acknowledged the significance of securing this funding amid a contracting world funding local weather, stating, “We plan to use this opportunity to further popularize Web3 and develop a new service ecosystem where users own the value of their digital goods.”
With over 5.5 million customers worldwide and greater than 470,000 cumulative transactions, LINE NEXT continues to expertise speedy progress in its first yr of beta service. Headquartered in Korea, with a subsidiary within the U.S. and an workplace in Japan, LINE NEXT is dedicated to creating and increasing the Web3 ecosystem globally.
