LINE NEXT

LINE NEXT's acquisition of $140 million in funding led by Crescendo Equity Partners marks a pivotal moment in its Web3 venture. With initiatives like the DOSI NFT marketplace, an AI-character social app, and Web3 games, LINE NEXT is set to significantly influence the digital experience landscape in the Web3 era. This funding highlights the sustained interest in Web3 technologies amidst changing investment patterns.

Line Next, the NFT subsidiary of Line, the Japanese messaging giant, successfully concluded a substantial $140 million funding round. Spearheaded by Crescendo Equity Partners, this investment stands out as the most substantial support for an Asian blockchain company this year.

Japan’s Line is shutting down its U.S. exchange Bitfront in the new year in an effort to focus on its other blockchain ventures.The messaging company said in a notice to customers that new signups have been suspended as of today, and services will be slowly turned off over the next four months.