Another heavyweight has entered the ring. With a decade in business, LINE has a sturdy portfolio of following through with what it sets out to do. LINE is in a strong position, starting with social media to ending up in the LINE NFT marketplace and being part of the metaverse.
Who is LINE?
LINE is Japan’s biggest social media platform. Toppling its competitor KakaoTalk in 2013 with over 300 million users. Today that number is expected to have doubled at least. Starting as a freeware app for instant communications such as texting, video calling, voice messaging. It started introducing various services like digital wallets called LINE pay. Now they have a huge amount of services such as LINE ticket, LINE recordings, LINE Manga and LINE FX, just to name a few.
On its website, Line discusses how it created a taxi service. During the pandemic, it lost a massive amount of profits. To combat this, it took the executive decision to change the taxies to a food delivery service, which ended up booming. Considering this, it is unsurprising that LINE is jumping headfirst into the NFT and metaverse world.
What has been announced?
LINE hosts an annual Taiwanese developer conference called “LINE TAIWAN TECHPULSE 2022”. This online conference announces a variety of projects and updates from the team. This year it released its LINE NFT marketplace called DOSI. The development plan and the first wave of online services of the trading platform “DOSI” are predicted to be launched in the first quarter of this year. Creating an NFT marketplace has been all the rage already this year, Bybit announced their NFT marketplace not long before LINE.
Following the release of the NFT Market platform in Japan, LINE officially stated that the DOSI platform created by LINE’s blockchain supports 8 languages and will be available in 180 countries. LINE dropped its entry into the Metaverse, launching the DOSI platform. Global companies, creators, and fans can create virtual economic circles and build NFT branded stores.