Another heavyweight has entered the ring. With a decade in business, LINE have a sturdy portfolio of following through with what they set out to do. LINE is in a strong position, starting with social media to ending up in LINE NFT marketplace and part of the metaverse.
Who is LINE?
LINE is Japan’s biggest social media platform. Toppling their competitor KakaoTalk in 2013 with over 300 million users. Today that number is expected to have doubled at least. Starting as a freeware app for instant communications such as texting, video calling, voice messaging. They started introducing various services like digital wallets called LINE pay. Now they have a huge amount of services such as LINE ticket, LINE recordings, LINE Manga and LINE FX, just to name a few.
On their website, they discuss how they created a taxi service. During the pandemic, it lost a massive amount of profits. To combat this, they took the executive decision to change the taxies to a food delivery service, which ended up booming. Considering this, it is unsurprising that they are jumping headfirst in the NFT and metaverse world.
What has been announced?
LINE hosts an annual Taiwanese developer conference called “LINE TAIWAN TECHPULSE 2022”. This online conference announces a variety of projects and updates from the team. This year they released LINE NFT marketplace called DOSI. The development plan and the first wave of online services of the trading platform “DOSI” are predicted to be launched in the first quarter of this year. Creating a NFT marketplace has been all the rage already this year, Bybit announced their NFT marketplace not long before LINE.
Following the release of the NFT Market platform in Japan, LINE officially stated that the DOSI platform created by LINE’s blockchain supports 8 languages and will be available in 180 countries. LINE dropped its entry into the Metaverse, launching the DOSI platform. Global companies, creators and fans can create virtual economic circles and build NFT branded stores.
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