LINE, Japan’s most popular social network and messaging app, has launched LINE NFT, a marketplace for non-fungible tokens (NFTs).
The new NFT marketplace enables LINE users to simply register an account and engage in different NFT activities, including purchasing, holding, trading, and listing NFTs.
Thus, users who already have a LINE account may easily open an account on LINE NFT by accepting the conditions and setting a password according to the screen, eliminating confusing or lengthy registration processes.
NFTs listed on LINE NFT can be purchased with Japanese Yen payment by LINE Pay. NFTs purchased from LINE NFT are stored in the LINE BITMAX Wallet.
Users may utilize LINE BITMAX Wallet to manage their digital assets, such as tokens and items, as well as transmit and trade NFTs with their LINE friends.
In contrast to other NFT markets that use the Ethereum blockchain and charge high gas fees to trade NFT, the gas fee on the LINE NFT marketplace is free.
It is also possible to sell NFTs purchased (primary sale) from artists at the shop using LINE NFT (secondary distribution).
The seller may get income if the listed NFT sells.
Furthermore, even when NFTs are exchanged in secondary sites, NFTs will return revenues to the creators who issued NFTs as content fees, resulting in support for preferred content and artists.