LINE Corporation, the parent company of messaging app LINE, has announced that its global non-fungible token (NFT) platform, DOSI, will accept payments in its crypto asset, LINK.
The move comes after the platform’s beta version, which is available in 180 countries, saw strong user interest, with over 2 million subscribers and an average of 5,000 transactions per day.
With the addition of LINK, DOSI becomes the first NFT platform to offer a multi-currency trading system, with a 98% reduction in network usage fees and additional benefits for users who pay with LINK.
This is the first time the Japanese company has offered its digital asset as a payment option outside of Japan.
LINE NEXT, the subsidiary of LINE Corporation that operates the platform, plans to expand its multi-currency trading system by adding more payment options and collaborating with various NFT projects.
The company aims to build a global NFT and Web3 ecosystem, and this move is seen as a step towards achieving that goal.
The NFT market has recently seen significant growth, with various digital assets, from digital art to collectibles, traded on different platforms.
While the market is still in its early stages, adding a major player such as LINE is seen as a positive development for the industry.