Highlighting its dedication to once again improve its presence in the Web3 ecosystem, LINE NEXT, the nft wing of the Asian messaging giant. LINE — has raised a hefty sum of $140 million to officially debut its “DOSI” nft platform.
Led by private equity firm Crescendo Equity Partners, this generous funding round surpasses the most significant investment in the Asian Web3 sector this year.
LINE NEXT's ambitious nft-focused goals
Using the capital, LINE NEXT is set to launch the DOSI platform in early 2024, focusing on mobile app accessibility.
Since its beta debut in September 2022, the nft platform has seen significant usage in countries such as Korea, Japan, Thailand, Taiwan, Indonesia, Vietnam, and India. However, there will be a special focus on Japanese services and brands following the closure of the country's LINE nft platform last year.
In terms of blockchain-focused initiatives, LINE NEXT is focused on enabling brands to offer ownership of digital products and introduce Web3 games featuring its famous characters, “BROWN & FRIENDS.” The messaging giant's ultimate goal is to make Web3 applications more accessible and usable. -friendly to everyone.
DOSI's upcoming developments are a continuation of LINE's ongoing commitments in the blockchain-focused space. The company has been steadily advancing its position in the digital and blockchain sectors over the past few years.
Now, with a substantial investment, the company is poised to have an even more significant impact on the global nft and Web3 landscapes, positioning Asia at the forefront of these exciting innovations.
They want more? Connect with nft Plazas
Join the weekly newsletter
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js?v=next’);
