Line Next’s NFT Platform ‘DOSI’ Makes Global Debut for NFT Trading

[Courtesy of Line]

SEOUL – Line Next, a US-based company launched by Line Corporation, a Japan-based messaging app operator, has unveiled the beta version of its new non-fungible token (NFT) platform called “DOSI” in the whole world. It allows commercial operators and creators to create their own branded NFT stores and global communities. The NFT can be redeemed at each brand store.

NFT is a unit of data stored on a blockchain network of interconnected virtual ledgers. Each NFT is certified by a blockchain as a unique digital asset that is not interchangeable. Using LINE NFT, anyone can trade or gift NFT through simple payment methods.

DOSI is available in 180 countries and supports Korean, English, Japanese, Chinese, Spanish and Latin languages. “Anyone can easily purchase and collect NFTs of their favorite content with just a few clicks,” Line Next CEO Ko Young-su said in a statement on Sept. 14.

Line Next’s platform consists of a store where businesses and brands can sell NFTs, a content-specific service such as entertainment and games, a dedicated NFT wallet, and an NFT-based membership. Compensation will be given based on the contribution of transactions or friend invitations.

Subscription and login can be completed simply by using social accounts. The platform supports simple payment methods such as credit cards for NFT transactions, and NFT can be easily purchased without separate issue fees. Crypto assets will be added later as a payment method.

Line Next aims to diversify its content by signing an IP monopoly contract with Naver and CJ ENM and introducing IP-based NFT projects to the entertainment industry.

“We will provide a gateway that connects NFT and the public through DOSI and develop a Web 3.0 ecosystem,” Ko said. Web 3.0 is a new iteration of the blockchain-based World Wide Web that incorporates concepts such as decentralization and the token-based economy.

Web 3.0 solves the overcentralization of the Web in a few large technology companies and improves data security, scalability and privacy beyond what is currently possible with Web 2.0 platforms that focus on created content by user uploaded on social media and networking services.
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