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Line Subsequent has introduced a $140 million strategic funding from native non-public fairness firm Crescendo Fairness Companions, which will probably be used to speed up the expansion of its DOSI blockchain social and gaming platform in 2024.
The US-based blockchain arm of South Korean social community Line, Line Subsequent has been engaged on a beta browser-based model of DOSI throughout 2023 and is now prepared for the official launch of the cell app in January, which will probably be built-in with the present Line NFT market in Japan and different current providers equivalent to DOSI Citizen.
Different deliberate merchandise embrace an AI-based social app that may use the platform’s avatars, and new video games utilizing the favored Brown & Pals IP. The Recreation Dosi platform presently solely lists 4 titles. Nevertheless, sooner or later, Line Subsequent hopes that builders of web2 video games may even combine the platform, giving them the flexibility to promote non-blockchain belongings and currencies, alongside NFTs.
As a part of the funding, Crescendo will grow to be a governance member of Line Subsequent’s Finschia blockchain, which is what DOSI is deployed on.
To-date, Line Subsequent claims round 5.5 million DOSI customers and over 20 million NFTs distributed.
“Line’s international competitiveness and its imaginative and prescient to steer Web3 providers have been the funding thesis,” stated Kevin Lee, the managing accomplice of Crescendo. “We hope to construct a regular for web3 apps that common customers can simply use and undertake blockchain to all types of providers and types of web2.”
You can arrange a DOSI account utilizing social signup right here and entry Recreation DOSI right here.
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