š° LINE Secures $140 Million for Ambitious Web3.0 Ventures in NFTs and AI
š Expanding the Horizon: LINE NEXT's Web3 Ecosystem Plans
In a groundbreaking move, South Korea-based social media giant LINE NEXT has successfully raised an impressive $140 million, marking Asia's largest Web3 funding round for 2023. The infusion of funds, led by Peter Thiel-backed Crescendo Equity Partners, aims to propel LINE's global expansion within the Web3 ecosystem.
š Diving into Web3 Initiatives: NFTs, DOSI, and More
LINE NEXT is set to make waves in the Web3 space, with a particular focus on non-fungible tokens (NFTs). The funds will drive the creation of DOSI, a cutting-edge digital market for collectibles slated to launch in early 2024. DOSI, operating as a mobile app, will facilitate the purchase and sale of digital collectibles on a global scale.
š¤ AI-Powered Social Interaction and Gaming: Breaking New Grounds
Beyond NFTs, LINE NEXT has its eyes on artificial intelligence (AI), contemplating the launch of a social app fostering communication between AI-driven characters. The company is also gearing up to introduce a suite of Web3 games designed to captivate a broader audience.
š Enabling Full Ownership with Web3 Solutions
LINE plans to offer Web3 solutions that empower businesses to confer full ownership of digital products to their customers. Leveraging the publicly distributed ledger Finschia as its architectural base layer, LINE aims to redefine the relationship between users and the value of their digital assets.
š Global Expansion and Web3 Advocacy: LINE's Vision
LINE's CEO, Youngsu Ko, emphasized the significance of securing funding amidst a globally contracting investment environment. The aim is clear: popularize Web3 and establish a service ecosystem where users truly own the value of their digital goods.
š Stay Tuned for the Future: LINE - Shaping the Digital Revolution!
