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  • Coin Marketcaps
  • Home
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    ChatGPT vs X: Who Sees Crypto Narratives First?

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    Why AAA Game Studios Will Eventually Embrace NFTs

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    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

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    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

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    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

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  • AI
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    ETH Daddy Discusses Ethereum and AI

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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  • Guides
    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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Home Web 3

LINE NEXT Raises $140M to Boost its Web3 Ecosystem

December 13, 2023
in Web 3
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LINE NEXT Raises $140M to Boost its Web3 Ecosystem
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LINE NEXT Corporation, a venture focusing on the NFT ecosystem, has received an investment of USD 140 million led by Crescendo Equity Partners. This investment marks the largest in the Asian Web3 industry for the current year, positioning LINE NEXT for growth in the global Web3 ecosystem.

New Services and Global Expansion for LINE NEXT

In January 2024, LINE NEXT plans to unveil DOSI, its new global NFT platform. This digital marketplace will allow for the trading of diverse digital products and will be integrated with Japan’s LINE NFT marketplace. The DOSI platform will be accessible worldwide through a mobile app. 

Additionally, LINE NEXT is developing solutions to make it easier for services and brands to incorporate Web3 by enabling direct ownership and trading of digital products.

📢 Pre-announcement for Official Launch of DOSI in Jan. ’24

DOSI will be officially launching in Jan 2024!

🔥Expanding as a Diverse Digital Marketplace, Launch of Mobile APP, officially launching in Japan.. and more! 🔥

8 Major changes in DOSI with its official launch and want… pic.twitter.com/Kh02EpLYwd

— DOSI_official (@DOSI_official) December 13, 2023

Strengthening Web3 Presence 

To further its efforts to popularize Web3, LINE NEXT plans to launch new services, including an AI-powered social app and Web3 games featuring BROWN & FRIENDS characters. These projects are expected to be built on the public blockchain Finschia, with LINE NEXT and Crescendo participating in the Finschia Foundation as governance members to contribute to its ecosystem expansion.

See also  Stardust Launches Starbase for Web3 Gaming Missions and Rewards

Backed by Peter Thiel, co-founder of Palantir Technologies, Crescendo brings sector expertise and a tech-ecosystem solid network. The firm identifies and nurtures potential global leaders among small to mid-cap technology companies.

Growth and Prospects for the Future

Kevin Lee, Crescendo’s managing partner, highlighted LINE’s global competitiveness and vision for Web3 leadership as key factors in the investment: “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 importance of securing this investment amid a contracting global investment climate, 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 users worldwide and more than 470,000 cumulative transactions, LINE NEXT continues to experience rapid growth in its first year of beta service. Headquartered in Korea, with a subsidiary in the U.S. and an office in Japan, LINE NEXT is committed to developing and expanding the Web3 ecosystem globally.

Tags: 140MBoostEcosystemLineRaisesWeb3

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