Line Next's NFT platform 'DOSI' makes global debut for NFT trading

By Lim Chang-won Posted : September 14, 2022, 15:31 Updated : September 14, 2022, 17:51

[Courtesy of Line]

SEOUL -- Line Next, a U.S.-based venture launched by Line Corporation, a Japan-based messenger app operator, unveiled the beta version of its new non-fungible token (NFT) platform called "DOSI" around the world. It allows business operators and creators to build their own NFT brand stores and global communities. Users can buy NFT at each brand store.

NFT is a unit of data stored on a blockchain network of interlinked virtual ledgers. Each NFT is certified by a blockchain as a unique digital asset that is not interchangeable. Using DOSI, anyone can buy NFTs through simple payment methods.

DOSI is available in 180 countries and supports Korean, English, Japanese, Chinese, Spanish, and Latin languages. "Everyone 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 September 14. 

Line Next's platform consists of a store where companies 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 depending on the contribution of transactions or friend invitations. 

Subscription and log-in can be completed simply using social accounts. The platform supports easy payment methods such as credit cards for NFT transactions, and NFT can be easily purchased without a separate issuance fee. Cryptographic 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 in the entertainment sector. 

"We will provide a gateway that connects NFT and the public through DOSI and expand a Web 3.0 ecosystem," Ko said. Web 3.0 is a new iteration of the blockchain-based World Wide Web that incorporates concepts including decentralization and token-based economics.

Web 3.0 addresses the over-centralization of the web in a few big tech companies and improves data security, scalability and privacy beyond what is currently possible with Web 2.0 platforms that center on user-created content uploaded to social media and networking services.
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