Tokyo, Europe Brief News – Japan, one of Asia’s most prominent countries, has seen a rise in the number of crypto-related enterprises. LINE, the most popular social media app in Japan, announced the introduction of a new non-fungible token (NFT) marketplace in February this year. Users could spend their LN tokens for the first time at any online retailer supported by Line Pay.
Line NFT Marketplace Overview
Line, a famous Japanese social networking app, has announced its own Non-Fungible Token (NFT) marketplace. The “LINE NFT” was launched following collaboration with famous Japanese entertainment firm Yoshimoto Kogyo.
LVC Corporation, Line’s holding company for crypto and blockchain assets, plans to give out 40,000 special Non-Fungible Tokens to the app’s 90 million users.
Non-Fungible Tokens will include movies from the organization’s in-house Yoshimoto NFT Theatre and characters from the popular anime series Patlabor the Mobile Police. More NFT drops with amazing deals are planned for the next months.
Store Your Line NFTs in the BitMax Wallet
Due to the agreement between Line and BitMax, customers may also store their NFTs in the LINE BitMa wallet. Which was developed in collaboration with a prominent crypto exchange, BitMax. Line released its native token LINK (LN) on BitMax in August 2020. LN came after Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin as a tradable crypto token on BitMax. The app also adds NFT support to an ever-growing set of crypto-ready features.
NFTs Gaining Popularity Worldwide
As of February of this year, users of Line Pay may now pay for products with their native token (LN) at any of the retailers that accept Line Pay. Users will be able to pay using a native LINK cryptocurrency starting on March 16th, according to a statement from Line Corporation. Since this was a trial run, it will terminate on December 26, 2022. This will assist the company in determining real-life applications for the digital token and enhance the application’s user-friendliness.
Developed in South Korea, the software has become a huge hit in Japan. Known as one of Japan’s most forward-thinking technological companies, the corporation has embraced the crypto field with considerable enthusiasm. It was also in 2018 when Line opened its cryptocurrency exchange.
Japanese and international media attention is focused on Non-Fungible Tokens like the Line NFT Marketplace. Despite the country’s many strict restrictions and demands, the Japanese people and businesses have continued to adjust to the crypto space throughout time. Japanese financial services giant Nomura Holdings just became Japan’s latest key stakeholder to endorse and use NFTs.
