Line: Social Messaging app in Japan adds NFT Marketplace

Line: Social Messaging app in Japan adds NFT Marketplace
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Business

Line: Social Messaging app in Japan adds NFT Marketplace

Japan's social networking app, Line, has established its own NFT marketplace, adding to its already extensive range of crypto-friendly features.

04/14/2022

Line has officially launched its own nonfungible token (NFT) marketplace named LINE NFT.

Partnering with Yoshimoto Kogyo, a major Japanese entertainment conglomerate — the LVC Corporation, Line’s crypto and blockchain manager — will offer approximately 40,000 different NFTs to its 90 million users, according to Cointelegraph.

Patlabor the Mobile Police: Soon to be released NFTs

The first wave of soon-to-be-released NFTs will include videos from the company’s in-house Yoshimoto NFT Theatre, as well as renderings of characters from the popular anime series Patlabor the Mobile Police, with more to follow in the coming months.

Users will save their purchased NFTs in the LINE BitMa wallet, which is available in partnership with the cryptocurrency exchange BitMax.

NFTs are growing increasingly popular in Japan

After allowing users to pay for things with its native token LINK (LN) at any of LINE Pay’s online merchants earlier this year, the app now adds NFT capabilities to its growing list of crypto-ready services.

Despite the country’s relatively tight crypto legislation, NFTs are growing increasingly popular in Japan. Nomura Holdings, a Japanese financial services behemoth, is the latest big player in the country to adopt an action plan for implementing NFTs.

Rakuten, a large Japanese e-commerce giant, announced the launch of its own NFT trading platform, Rakuten NFT, earlier this year.

By Elah Mae Ariate Wozinga Staff

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