Asia’s LINE NEXT Raises $140M to Expand NFT Platform

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Spotlighting dedication to enhancing its presence within the Web3 ecosystem but once more, LINE NEXT — the NFT wing of the Asian messaging large LINE — has raised a hefty $140 million to formally debut its NFT platform “DOSI”.

Led by the non-public fairness agency Crescendo Fairness Companions, this beneficiant funding spherical surpasses essentially the most important funding within the Asian Web3 sector this yr.

LINE NEXT’s Formidable NFT-Centered Objectives

Using the capital, LINE NEXT is poised to launch the DOSI platform in early 2024, with a concentrate on cellular app accessibility.

Since debuting in beta in September 2022, the NFT platform has witnessed important utilization in international locations like Korea, Japan, Thailand, Taiwan, Indonesia, Vietnam, and India. Nonetheless, it’s set to significantly concentrate on Japanese providers and types following the shutdown of the nation’s LINE NFT platform final yr.

By way of blockchain-centric initiatives, LINE NEXT focuses on enabling manufacturers to supply possession of digital merchandise and to introduce Web3 video games that includes its well-known characters, “BROWN & FRIENDS” — the messaging behemoth’s final aim is to make Web3 functions extra accessible and user-friendly to all.

DOSI’s forthcoming developments are a continuation of LINE’s ongoing engagements within the blockchain-centric area. The corporate has been steadily advancing its place within the digital and blockchain sectors over the previous years.

Now, with substantial funding, the corporate is poised to make an much more important impression on the worldwide NFT and Web3 landscapes, positioning Asia on the forefront of those intriguing improvements.

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