
Messaging App LINE Moves to Boost Web3 Adoption in Asia, Launches Mini Dapps
LINE says all the applications will be powered by Kaia, an L1 blockchain that LINE NEXT recently joined hands with South Korea’s top messaging platform Kakao to develop.
LINE says all the applications will be powered by Kaia, an L1 blockchain that LINE NEXT recently joined hands with South Korea’s top messaging platform Kakao to develop.
Sam Seo, chairman of the Kaia DLT Foundation, acknowledged that games dominate the largest share, followed by social apps, DeFi platforms, and AI-driven chat applications.
Backed by South Korean internet giant Kakao and Japan’s messaging conglomerate LINE, Klaytn and Finschia are positioned to lead the way in blockchain innovation across Asia.
On January 16, Klaytn Foundation announced that it had partnered with Finschia Foundation for the potential merge of the two protocols to form a new mainnet.
Despite the sudden announcement of the closure of the LINE-backed Bitfront platform, the timeline of events has been designed such that it will give all of its stakeholders a proper time to adjust to the changes required.
This year in February, Line for the first time enabled users to expend for items with its indigenous token (LN) at any of Line Pay’s online merchants.
The Japanese electronic company said its NFT marketplace would offer tokens in diverse fields such as sports and entertainment.
Line has revealed its intention to launch its CBDC platform. According to the report, the messaging company was moved by the increased consideration of making use of the customized digital currency in the continent.
Line is by far the most popular messenger app in Thailand. After Japan, it is its second-largest market. Right now, it has almost 40 million active users in Thailand.
The move to launch the cryptocurrency lending service will go a long way in bringing the much revered DeFi product to thousands of BitMax customers.
Through the LINE Blockchain Developers platform, companies and specialists will be able to create their own tokens, ensure transparent transactions in their operations, as well as monetize data.
SoftBank and Naver will create a joint business where each will hold 50%. The new company will compete with global companies in Japan and operate both Line and Z Holdings (Yahoo Japan’s operator).
Japan’s messaging app LINE has launched a crypto trading platform Bitmax. Initially, it will allow users to trade five types of cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
According to Viber’s CEO, the company is going to work on the promotion of its native Rakuten coin that is being developed in cooperation with Rakuten.
Line Pay has partnered with VISA to bring new blockchain solutions, contactless payments, and a pre-paid digital visa card. Line says that with this new partnership, they will be able to reach 187 million people around the world.