Messaging App LINE Formally Launches NFT Marketplace

Messaging App LINE Formally Launches NFT Marketplace
  • Social media giant LINE finally launched its NFT marketplace last April 13.
  • LINE NFT offers more than 40,000 NFT products for sale.
  • 90 million LINE users can trade purchased NFTs with their LINE friends.

Earlier this month, CrytoNewsLand published news about LINE launching its NFT marketplace. On April 13, leading social media and messaging app announced that its NFT marketplace is now live. This new feature enables 90 million LINE users to trade NFTs with their friends after an NFT purchase.

The operator of LINE’s crypto asset and blockchain businesses, LVC Corp, first announced LINE NFT, available exclusively in Japan. LINE claims to be the fastest-growing mobile messenger app in the world. Its app provides free messages, voice calls, and video calls.

According to the announcement, LINE NFT offers more than 40,000 NFT products for sale, including Yashimoto NFT Theater. Users that bought NFTs can store their items via their LINE Bitmax wallet. Bitmax, created by LINE in September 2019, is a crypto exchange that can be accessed through the LINE app.

“Through the LINE app — with a userbase of approximately 90 million in Japan — they can conveniently send or exchange NFTs with their LINE friends,” a statement from LINE’s announcement.

NFTs of popular Japanese characters including Gyuunyuu, Usagyuuun, Betakkuma, and NFTs from the anime series “Patlabor: The Mobile Police” are now available in the LINE NFT marketplace. The company further elaborated that they will add more NFTs from different genres at a later date.

With its concept saying “LINE Blockchain Designed For Everyone,” LVC said:

“[We] aim to provide NFT and other blockchain services and technologies that can be applied practically to users’ daily lives.”

LVC promised to continue providing innumerable experiences to its users by collaborating with other group companies.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.