The Line messenger raised $140 million for development in the NFT sector

The Line messenger raised $140 million for development in the NFT sector

user avatar

by Max Nevskyi

3 years ago

The division of the Line messenger focused on non-fungible tokens, named LINE NEXT, successfully raised $140 million in investments for the development and promotion of the Web3 ecosystem. The investment round was led by Crescendo Equity Partners, associated with Peter Thiel, which will now become a board member of the Finschia Foundation.

The organization's plans include launching the global NFT platform DOSI in January 2024. This platform will be integrated with the Japanese NFT marketplace LINE NFT and will become a mobile application available to users worldwide.

The LINE NEXT team intends to assist brands in managing ownership rights of digital products and trading them. All services will be based on the public blockchain Finschia. Additionally, the company plans to create Web3 games featuring well-known characters such as BROWN & FRIENDS.

Kevin Lee, Managing Partner at Crescendo, expressed hope for establishing a standard for Web3 applications and expanding the use of blockchain in various services and brands.

It's worth noting that Line launched its NFT marketplace in April 2022 and announced the closure of its associated bitcoin exchange, Bitfront, by March 31, 2023.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.