LINE NEXT, the NFT wing of the Asian messaging giant, highlights its commitment to once again growing its presence in the Web3 ecosystem LINE — has raised a hefty $140 million to officially debut its NFT platform “DOSI.”
Led by private equity firm Crescendo Equity Partners, this generous funding round surpasses the most significant investment in Asia’s Web3 sector this year.
LINE NEXT’s ambitious NFT-focused goals
With the help of the capital, LINE NEXT is poised to launch the DOSI platform in early 2024, with a focus on mobile app accessibility.
Since the NFT platform debuted in beta in September 2022, it has seen significant adoption in countries such as Korea, Japan, Thailand, Taiwan, Indonesia, Vietnam, and India. Nevertheless, it will mainly focus on Japanese services and brands after the closure of the LINE NFT platform last year.
In terms of blockchain-focused initiatives, LINE NEXT focuses on enabling brands to offer ownership of digital products and introduce Web3 games featuring the famous characters, “BROWN & FRIENDS”. The messaging giant’s ultimate goal is to make Web3 applications more accessible and user-friendly. -friendly to everyone.
DOSI’s upcoming developments are a continuation of LINE’s continued involvement in the blockchain-centric space. The company has steadily improved its position in the digital and blockchain sectors in recent years.
Now, with substantial investments, the company is poised to make an even bigger impact on the global NFT and Web3 landscape, putting Asia at the forefront of these intriguing innovations.
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