LINE establishes 'LINE NEXT' in Korea and the US to "Expand NFT Global Ecosystem"

[Asia Economy Reporter Kang Nahum] Naver's Japanese affiliate Line announced on the 16th that it will establish the 'Line Next' corporation in both Korea and the United States to actively build a global ecosystem for non-fungible tokens (NFTs).

Line Next aims to provide innovative digital experiences to users worldwide based on the Line blockchain and NFTs. The Korean corporation will be responsible for blockchain platform strategy and planning, while the U.S. corporation will handle the operation of the global NFT platform business.

In particular, the U.S. corporation plans to launch a global NFT platform leveraging Line's global service expertise and advanced blockchain technology.

Through this platform, companies and creators from various countries and regions will be supported in easily building NFT markets and services, and an ecosystem will be created where general users can trade NFTs or form communities.

The CEO of Line Next will be Go Youngsoo, Chief Product Officer (CPO) overseeing the Line app product. Go Youngsoo also serves as the CPO of Line Fintech Company. Kim Wooseok, CEO of Line Tech Plus, the Line blockchain platform business corporation, has been appointed as the business director.

CEO Go stated, "NFTs are a technological infrastructure that will create digital transformation and innovate user experiences across all areas including content, gaming, social, and commerce," adding, "In Korea, we will establish a global NFT platform strategy, and in the U.S., we plan to lead services that realize the NFT ecosystem and the global popularization of NFTs together with various global partners."

This content was produced with the assistance of AI translation services.