LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform.
The new funding comes nearly a year after LineNext released its browser-only beta service — a consumer-to-consumer(C2C) marketplace launched on its non-fungible token (NFT) platform DOSI.
The company plans to use the new capital to launch its official NFT platform DOSI and web3 services in January next year.
LineNext will also release a new social app allowing users to communicate via AI avatars and launch new Web3 games utilizing Line’s character Brown and Friends.
LineNext Korea manages Web 3 business strategy, while Line Next U.S. operates the NFT platform business.
LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform.
The new funding comes nearly a year after LineNext released its browser-only beta service — a consumer-to-consumer(C2C) marketplace launched on its non-fungible token (NFT) platform DOSI.
The company plans to use the new capital to launch its official NFT platform DOSI and web3 services in January next year.
One of the things that sets LineNext apart from its competitors is its global infrastructure and know-how based on its global services, Kim noted.
LineNext Korea manages Web 3 business strategy, while Line Next U.S. operates the NFT platform business.
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