LINE NEXT deepens global NFT ecosystem collaboration, signs strategic investment agreements with 10 partners.

LINE is actively building a global NFT (Non-Fungible Token) ecosystem through its subsidiary LINE NEXT, and today (13th) announced a strategic investment agreement of approximately $10 million with 10 partners. The 10 partners, including SoftBank Corp., NAVER, NAVER WEBTOON, NAVER Z, LINE Games, CJ ENM, YG PLUS, Shinsegae Group, Hashed, and K Auction, will collaborate with LINE NEXT to launch the global NFT trading platform "DOSI," providing related business resources and developing NFT projects themed around their respective IP content.

LINE is fully committed to building a global NFT ecosystem through its subsidiary LINE NEXT. On the 13th of this month, it announced a strategic investment agreement of approximately $10 million with 10 partners. Partners including SoftBank Corp., NAVER, NAVER WEBTOON, NAVER Z, LINE Games, CJ ENM, YG PLUS, SHINSEGAE of the New World Group, Hashed, and K Auction will collaborate with LINE NEXT to launch the global NFT trading platform "DOSI" and provide related business resources while developing NFT projects based on each partner's IP content.

Through this strategic investment, LINE NEXT will collaborate with top international content suppliers, publishers, game, and entertainment companies to lead the global NFT market using their rich IP resources. LINE NEXT is dedicated to creating more user-friendly NFT works to promote the popularization of NFT trading platforms. Partners will work with LINE NEXT to develop NFT projects and export content to the global market, opening up new business opportunities.

LINE NEXT will work with NOW., a subsidiary of NAVER, and CJ ENM to launch collaborative limited NFT projects with well-known entertainment IPs, increasing the richness of content, such as DIA TV and Street Man Fighter.

All NFTs issued through collaborations can be traded within various brand stores on the DOSI platform expected to launch later this year. In addition, to facilitate user experience and NFT transactions, LINE NEXT plans to allow login to the DOSI Wallet using a NAVER account and add Naver Pay as one of the payment options.

CEO of LINE NEXT, Gao Yongshou, stated: "The key to expanding the Web3 ecosystem is to create NFT experiences that meet user needs. We will issue NFTs with Asian content themes, hoping to ignite a new wave of Asian cultural trends globally and accelerate the popularity of NFTs."