The popular South Korean messaging app Line gave rise to the Web3-focused business Line Next, which has successfully raised $140 million in a funding round led by Peter Thiel’s private equity firm Crescendo Equity Partners. The money will support Line Next’s commitment to investigating the non-fungible token (NFT) ecosystem by supporting the establishment of a worldwide NFT marketplace, DOSI, in January 2024.

Like the popular messaging service WhatsApp, Line also gave rise to Line Next, which concentrated on exploring Web3 projects. In addition to paving the path for new Web3-centric services, the $140 million investment will support the impending DOSI marketplace and increase Line Next’s presence in the digital space.

Launch of the DOSI Global NFT Marketplace

Launched in January 2024, DOSI is a global NFT marketplace. It will easily interface with Line’s current NFT marketplace, Line NFT, which is situated in Japan. With a mobile app that is available to users everywhere, DOSI seeks to provide a user-friendly experience.

Apart from the NFT marketplace, Line Next intends to launch cutting-edge Web3 services. One of these products is a social networking program that uses artificial intelligence (AI) to create characters, giving user interactions a distinctive and customized feel. In addition, Line Next wants to get into the Web3 game industry and capitalize on the expanding demand for blockchain-based gaming.

Finschia Public Blockchain Integrates with Blockchain

The Finschia public blockchain will serve as the foundation for Line’s NFT marketplace. Line Next and Crescendo Equity Partners will take on governance responsibilities inside the Finschia Foundation as part of the strategic move, demonstrating a dedication to promoting blockchain ecosystems.

The Present Scope and Future Prospects of Line Next

With 5.5 million users globally as of right now, Line Next is well-positioned to make major progress in the Web3 arena. With the $140 million investment, the business is well-positioned to investigate and develop inside the NFT ecosystem, building a link between Line’s messaging foundation and the emerging fields of blockchain and decentralized technology.

Line Next is making a calculated move to influence how people interact digitally in the future by entering the global NFT market and launching innovative Web3 services. These developments will combine technology, innovation, and user involvement in the rapidly changing world of decentralized apps and blockchain-powered experiences.