Line to launch NFT service LineNext next year
Line Corporation, a fully owned subsidiary of Z Holdings, will launch an NFT service next year through its new organization, which will provide a platform for enterprises and people to trade NFTs internationally, except Japan.
According to a representative, the company is running its NFT market beta version independently through the Bitmax wallet, which is designed for the Japanese market.
The company announced this week the launch of LineNext in South Korea and the United States, with the goal of extending the global NFT ecosystem.
LineNext, based in Korea, is working on global NFT platform strategy and planning, while its branch based in the United States, is creating and managing its non-fungible token (NFT) platform company. According to the spokeswoman, the US office employs 55 workers.
Because LineNext is the platform provider, “transaction brokerage fees will be the primary source of revenue, with additional revenue sources planned for the future,” a spokesman for the company told TechCrunch.
According to the spokesman, the company is now in talks with roughly 20 worldwide partners regarding future collaborations.
The firm new global NFT platform will help firms and innovators all around the world develop marketplaces, networks, and ecosystems for general people to trade NFTs.
The company’s mission is to enhance the NFT experience for businesses, creators, and consumers by leveraging its vast expertise establishing and scaling messaging and blockchain services.