■By partnering with leading gaming, entertainment, webtoon, metaverse, art and service companies, LINE NEXT aims to grow NFT markets
■Partnerships will launch NFT collections and support trading on LINE NEXT's global NFT platform DOSI
SEONGNAM, South Korea – March 16, 2022 – LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the global NFT ecosystem, announced today that it is forming 26 partnerships with a range of leading companies to create NFTs based on their popular IP content and enable consumers to buy and sell NFTs using familiar payment products. Partners will include SoftBank Corp., NAVER, LINE Taiwan Limited, NAVER Z, LINE studio, LINE Games, CJ ENM, YG PLUS, Hashed, K Auction, SHINSEGAE, Visa, Crypto.com, Afun Interactive, AI Network, J&John, KMCA, LoadComplete, LOTTE WORLD, Mythical Games, Pangea, Peaches., 111%, Rich Alien, and WOW POINT.
Through these strategic partnerships with a diverse range of international companies in gaming, entertainment, webtoons, the metaverse, art, and services, LINE NEXT aims to lead the expansion of the NFT ecosystem and establish a global NFT value chain. Based on LINE’s blockchain technology and NFT platform, LINE NEXT and our partner companies aim to develop NFTs featuring famous IP content, the work of renowned artists, and more, designed to make the NFT experience more familiar to users. For Mythical Games, the two companies will cooperate on developing a blockchain mainnet.
In addition to helping to produce NFTs based on popular content, LINE NEXT will help build markets and support trading on its upcoming global NFT platform DOSI.
"By combining LINE’s infrastructure and blockchain know-how, LINE NEXT aims to build the world's No. 1 NFT ecosystem and innovate communication toward the Web3 environment," said Youngsu Ko, CEO of LINE NEXT. “These partnerships are the start of many more to come in accelerating the global NFT ecosystem."
LINE NEXT plans to launch its global NFT platform DOSI in the first half of this year, to support companies and creators around the world as they build markets and create communities and ecosystems for general users to buy and trade NFTs. In addition, an NFT service is scheduled to be introduced in Japan this spring by LVC, the LINE subsidiary that operates LINE's cryptocurrency and blockchain-related businesses in Japan.
■About LINE NEXT Inc.
Based in United States, LINE NEXT Inc. is focused on growing the global NFT business. Through blockchain and NFT technology, LINE NEXT aims to provide new digital experiences and lead the way into the future.