Japanese Software Giant Line Plans To Launch NFT Market Next Month – Bitcoin News

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Japanese social media and messenger software company Line Corporation has announced that the company will launch a non-fungible token (NFT) marketplace on April 13. Line announced on Wednesday that the market will be called “LINE NFT” and “more than 100 types of NFTs.”

Japan’s Line Corporation Launches LINE NFT Marketplace

In March 2021, Line Corporation completed a merger with Softbank Group, Yahoo Japan and Z Holdings. The merged company aims to encompass the digital world from all aspects and last week reports revealed that Z Holdings launched a global NFT marketplace that will operate in 180 countries. 13 days later, Line announced the company is also launching an NFT marketplace called “LINE NFT”. Line’s press release states that the market will showcase over 100 types of NFTs.

LINE NFT will be launched on April 13th and users of the LINE app will be able to access the marketplace through the app, the company data. The launch of LINE NFT will be attended by Nissy (Takahiro Nishijima), Yoshimoto Kogyo and Square Enix. In addition, a Yoshimoto Kogyo Holdings limited edition NFT video titled, “Yoshimoto NFT Theater” will be featured at launch. While LINE NFT will only operate in Japan, reports say Z Holdings’ NFT marketplace called “DOSI” will launch globally on April 19.

Line NFTs to be stored through the LINE BITMAX wallet

Line’s entry into the blockchain space is nothing new as the company launched “LINE Blockchain Lab” in 2018. In addition, a slew of well-known Japanese brands and companies have entered the NFT industry, including Japanese entertainment conglomerates Square Enix and Konami Holdings Maatschappij. This year, Japanese online retail giant Rakuten plans to launch an NFT marketplace, and the company also said Rakuten’s peer-to-peer NFT service will be ready in 2023.

Screenshot of LINE NFT via Line Corporation.

Interest in non-fungible token (NFT) technology has exploded in recent weeks and sales plummeted in mid-February. However, last week’s NFT sales accelerated and improved 17% from the week before. Seven-day stats indicate sales are up 50.71% in the past week, netting $586,510,454 in NFT sales. While LINE app users leverage the NFT marketplace, NFTs themselves are stored through the company’s LINE BITMAX wallet.

Tags in this story

LINE BITMAX wallet, Line Corporation, nft, NFT sales, NFTs, Nissy (Takahiro Nishijima), Non-fungible Token, Non-fungible token (NFT), Softbank Group, square enix, Yahoo Japan, Yoshimoto Kogyo, Yoshimoto NFT Theater., Z Holdings

What do you think of Japan’s Line Corporation launching an NFT marketplace in mid-April? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news leader at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Line Corporation

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