South Korean messaging giant Line has decided to foray into the Web3 waters. It has created a special venture called Line Next Corporation that will be dedicated to expanding the NFT ecosystem. In January 2024, Line Next plans to officially launch its global NFT platform named Dosi. This platform will let users engage in trading digital assets and products. Line has clocked 5.5 million users worldwide and more than 470,000 cumulative transactions since its launch in 2011. Its NFT initiative could hence open the digital assets sector for experimentation to the masses. Last year, Seoul-based SK Telecom decided to create and operate a crypto wallet, powered by advanced Web3 capabilities in partnership with two blockchain firms.
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