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Japanese Software Giant Line Plans to Launch NFT Market Next Month

News Feed - 2022-03-24 02:03:44

Japanese Software Giant Line Plans to Launch NFT Market Next Month


The Japanese social media and messenger software firm Line Corporation has announced the company is introducing a non-fungible token (NFT) marketplace on April 13. Line detailed on Wednesday that the market will be called “LINE NFT” and it will showcase “more than 100 types of NFTs.” Japan’s Line Corporation to Launch LINE NFT Marketplace


In March 2021, Line Corporation completed a merger with Softbank Group, Yahoo Japan, and Z Holdings. The merged company aims to encompass the digital world from all aspects and last week, reports revealed Z Holdings was launching a global NFT marketplace that will operate in 180 countries. 13 days later, Line announced the company is also launching an NFT marketplace called “LINE NFT.” Line’s press release notes that the market will showcase more than 100 types of NFTs.


LINE NFT will launch on April 13, and LINE app users will be able to use the marketplace via the app, the company details. The LINE NFT launch will see participation from Nissy (Takahiro Nishijima), Yoshimoto Kogyo, and Square Enix. Moreover, the launch will see a Yoshimoto Kogyo Holdings limited edition NFT video dubbed: “Yoshimoto NFT Theater.” While LINE NFT will only operate in Japan, reports say that Z Holdings’ NFT marketplace called “DOSI” will launch worldwide on April 19. Line NFTs to Be Stored via the LINE BITMAX Wallet


Line’s entry into the blockchain space is nothing new as the company launched “LINE Blockchain Lab” in 2018. Furthermore, a slew of well-known Japanese brands and companies have been entering the NFT industry, including the Japanese entertainment conglomerates Square Enix and Konami Holdings Corporation. This year, the Japanese online retail giant Rakuten plans to launch an NFT marketplace, and the firm also said Rakuten’s peer-to-peer NFT service will be ready in 2023. Screenshot of LINE NFT via Line Corporation.


Interest in non-fungible token (NFT) tech has dive-bombed in recent weeks and sales also took a dip in mid-February. However, last week NFT sales picked up the pace and improved by 17% from the week prior. Seven-day statistics indicate that sales are up 50.71% during the last week with $586,510,454 worth of NFT sales settled. While LINE app users will leverage the NFT marketplace, NFTs themselves will be stored via the company’s LINE BITMAX wallet. Tags in this story LINE BITMAX wallet, Line Corporation, nft, NFT sales, NFTs, Nissy (Takahiro Nishijima), Non-fungible Token, Non-fungible token (NFT), Softbank Group, square enix, Yahoo Japan, Yoshimoto Kogyo, Yoshimoto NFT Theater., Z Holdings


What do you think about Japan’s Line Corporation launching an NFT marketplace in mid-April? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Gamestop Beta NFT Marketplace Launches, Platform Leverages Loopring"s ZK-Rollup Tech NEWS | 11 hours ago Crypto.com Chosen as an Official FIFA World Cup Sponsor NEWS | 23 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, Line Corporation Previous articlePopular BTM Operator: Bitcoin of America Adds Dogecoin to Their Bitcoin ATMs Next articleSpanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720 Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBinance Explores Acquisition of Brazilian Securities Brokerage Firm


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