Home Latest News SoftBank Messaging Giant To Launch NFT Marketplace in Japan – Blockworks

SoftBank Messaging Giant To Launch NFT Marketplace in Japan – Blockworks


webinar: the future of digital assets in wealth management – register for free
The marketplace, dubbed Line NFT, is slated to go live on April 13
Japanese messaging giant Line Corp. announced the launch of its forthcoming NFT marketplace on Wednesday. 
The marketplace, which is slated to go live on April 13, will run on the LINE blockchain — the company’s proprietary network. Users can hold their digital collectibles in the company’s LINE BITMAX wallet. 
The platform, called Line NFT, will sell over 100 kinds of NFTs (non-fungible tokens), per a Coinpost report. NFTs will be integrated as avatars for Line’s messaging services in the future. 
The marketplace will partner with various Japanese companies including video game developer Square Enix, entertainment franchise Yoshimoto Kogyo and Patlabor. 
Z Holdings, another subsidiary of SoftBank, will reportedly build a similar marketplace, DOSI, in 180 countries. Line’s platform, however, is separate from Z Holdings’ NFT plans.
“It’s possible Web3 will herald a world where life is completely different, and we don’t want the company to miss out on the huge growth opportunity,” Kentaro Kawabe, co-chief executive of Z Holdings, said in an interview.
The formation of both subsidiaries of the Japanese conglomerate follow closely on the heels of e-commerce company Rakuten’s NFT plans.
Rakuten announced its marketplace for blockchain-based assets on Feb. 25 and will allow users to buy, sell and trade cryptoassets based on Japanese manga and TV shows.
Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.
Coinbase is hoping to weather the current market downturn by pursuing cost-cutting measures including a freeze on new hires
FTX’s new Japan-based exchange service comes on the heels of its acquisition of domestic company Liquid Group in February
The Solana network has experienced three major network outages this year
Blockworks exclusive: Crypto.com is on its way to offering digital asset services in Dubai, joining the likes of Binance, FTX and Bybit
Messari, which already has 20 subgraphs within the ecosystem to date, said it wants to add a further 200, focusing on Web3 protocols


Previous articleThis Apple iPad Mini 4 is Nearly $500 Off – TMZ
Next articleSamsung to launch a new more affordable A-series foldable smartphone
Abhinav Breathes and Bleeds Technology. He's a humanoid with a passion for Gadgets, Cars, Gaming. You can usually find him on PSN Blabbering about his FIFA skills.