Line Subsequent has introduced a $140 million strategic funding from native personal fairness firm Crescendo Fairness Companions, which might 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 cellular app in January, which might be built-in with the prevailing Line NFT market in Japan and different present providers corresponding to DOSI Citizen.
Different deliberate merchandise embody 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 at present solely lists 4 titles. Nevertheless, sooner or later, Line Subsequent hopes that builders of web2 video games will even combine the platform, giving them the flexibility to promote non-blockchain property and currencies, alongside NFTs.
As a part of the funding, Crescendo will change into 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 world competitiveness and its imaginative and prescient to steer Web3 providers have been the funding thesis,” mentioned Kevin Lee, the managing companion of Crescendo. “We hope to construct an ordinary for web3 apps that common customers can simply use and undertake blockchain to all types of providers and types of web2.”
You’ll be able to arrange a DOSI account utilizing social signup right here and entry Recreation DOSI right here.
