Japanese Software Giant Line Plans to Launch NFT Market Next Month

The Japanese societal media and messenger bundle steadfast Line Corporation has announced the institution is introducing a non-fungible token (NFT) marketplace connected April 13. Line elaborate connected Wednesday that the marketplace volition beryllium called “LINE NFT” and it volition 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 institution aims to encompass the integer satellite from each aspects and past week, reports revealed Z Holdings was launching a planetary NFT marketplace that volition run successful 180 countries. 13 days later, Line announced the institution is besides launching an NFT marketplace called “LINE NFT.” Line’s property merchandise notes that the marketplace volition showcase much than 100 types of NFTs.

LINE NFT volition motorboat connected April 13, and LINE app users volition beryllium capable to usage the marketplace via the app, the institution details. The LINE NFT motorboat volition spot information from Nissy (Takahiro Nishijima), Yoshimoto Kogyo, and Square Enix. Moreover, the motorboat volition spot a Yoshimoto Kogyo Holdings constricted variation NFT video dubbed: “Yoshimoto NFT Theater.” While LINE NFT volition lone run successful Japan, reports accidental that Z Holdings’ NFT marketplace called “DOSI” volition motorboat worldwide connected April 19.

Line NFTs to Be Stored via the LINE BITMAX Wallet

Line’s introduction into the blockchain abstraction is thing caller arsenic the institution launched “LINE Blockchain Lab” successful 2018. Furthermore, a slew of well-known Japanese brands and companies person been entering the NFT industry, including the Japanese amusement conglomerates Square Enix and Konami Holdings Corporation. This year, the Japanese online retail elephantine Rakuten plans to launch an NFT marketplace, and the steadfast besides said Rakuten’s peer-to-peer NFT work volition beryllium acceptable successful 2023.

Screenshot of LINE NFT via Line Corporation.

Interest successful non-fungible token (NFT) tech has dive-bombed successful caller weeks and income besides took a dip successful mid-February. However, past week NFT income picked up the gait and improved by 17% from the week prior. Seven-day statistic bespeak that income are up 50.71% during the past week with $586,510,454 worthy of NFT income settled. While LINE app users volition leverage the NFT marketplace, NFTs themselves volition beryllium stored via the company’s LINE BITMAX wallet.

What bash you deliberation astir Japan’s Line Corporation launching an NFT marketplace successful mid-April? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Line Corporation

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