Japan’s social media firm Line Corporation to launch its NFT marketplace

Japanese social media and messenger software company Line Corporation announced on Twitter on March 23 that the company is going to launch the NFT marketplace in Japan on April 13. For this, the Line corporation would partner with 17 content companies such as Yoshimoto Kogyo, for providing over 100 types of NFT sales. Besides this, Japan’s largest messaging app, Line would also collaborate with SoftBank and Z Holdings to promote user-friendly NFT experiences. Z Holdings is a holding company based in Tokyo which is owned by A Holdings, a holding company controlled by SoftBank and Naver Corporation. The market would be called Line NFT, bitcoin.com reported, citing the official announcement.
The Line corporation merged with SoftBank Group, Yahoo Japan, a Japanese internet company and Z Holdings in March 2021. With the collaboration of these companies, Line would encompass the digital world from all aspects. The merged companies have already been working in this direction :
* Softbank’s internet firm, Z Holdings announced in March 2022, to launch an NFT marketplace called NFT mall in 180 countries.
* It further aims to capitalise on Web 3.0, metaverse, and NFT in order to propel the growth of the company further.
* The LINE NFT will be available only in Japan, whereas the Z Holdings NFT marketplace will launch worldwide on April 19.
– The LINE app users will be able to use the marketplace via the app.
– The LINE NFT launch would also feature participation of Japanese entertainment conglomerates, Yoshimoto Kogyo and video game company Square Enix along with the singer Takhairo Nishijima.
– There will be a Yoshimoto Kogyo Holdings limited edition dubbed NFT video, named as Yoshimoto NFT theatre.
In 2020, LINE had launched blockchain developers for blockchain services and BITMAX wallet for managing digital assets.
For the latest crypto news and investment tips, follow our Cryptocurrency page.