Category: Cryptocurrency

The LINE FRIENDS non-fungible token (NFT) collection has been released on the LINE Blockchain by LINE Tech Plus, a subsidiary of LINE Corporation and operator of LINE’s worldwide crypto asset and Blockchain-related companies.

Non-fungible tokens are like digital assets using Blockchain technology to determine whether the piece of digital material is authentic. Three NFTs from the LINE FRIENDS NFT collection include the worldwide recognized LINE FRIENDS characters Sally, BROWN, and CONY. 600,000 crypto users in Japan will receive LINE FRIENDS NFTs for correctly answering questions asked during the event on the LINE de Oubo platform. A limited number of individuals who have gathered all three NFTs will get an extra hidden LINE FRIENDS NFT.

To expand the token economy of LINE and Blockchain ecosystem, LVC Corporation, LINE Corporation’s subsidiary, operating LINE’s crypto asset in Japan, has launched a beta version of an NFT market on LINE BITMAX Wallet in Japan. LINE will continue to introduce NFT services to offer new user values based on Blockchain technology and improve the utilization of the crypto asset LINK.

About LINE

LINE, based out in Japan, is dedicated to “Closing the Distance” and gathering information and people together. Since its launch in June 2011, the messaging app by LINE has evolved into a diverse system and updated to AI technology and FinTech. After completing business integration in March 2021, LINE became part of the Z Holdings Group, the leading internet company.

About LINE Friends

LINE FRIENDS, a character brand, originated with BROWN & FRIENDS and was designed as stickers for the world’s most popular mobile messenger service, LINE. It currently has 200 million users. The firm has established itself as a creative space, thanks to its diverse range of material based on its varied portfolio of Intellectual Property (IP), which includes the characters BT21, which were created in collaboration with the global boy band BTS.

OroPocket, in collaboration with Matic Network, has announced the arrival of Open Finance Protocol or OpFi so that the users can seamlessly invest in real-world assets. 

https://twitter.com/maticnetwork/status/1300825177404530688

Open Finance is a fintech protocol that allows the user possession of the real-world assets on the blockchains. It also allows the developers to build applications on top of it. Since it is open, the protocol enables seamless integration of the other on-chain apps. The OpFi will allow the institutional investors to participate in the blockchain crypto and DeFi economy as it offers high liquidity and instant settling. The OpFi protocol successfully bridges the gap between Decentralized Finance or DeFi and traditional finance. Open Finance encourages participation through the creation of yield on Gold and stocks. The long term investors are thus able to create added value on their assets. 

What are the five principal components of the Open Finance Protocol?

Tokenization of the real-world assets

Assets and commodity trading is a multi-million dollar market, and blockchain plays a key role here. OpFi allows the tokenization of the real-world assets, so they are easily traded and transferred anywhere globally. 

Instant trade

The protocol allows the immediate exchange of assets without any counterparty risks or price slippage. The user is allowed to trade directly with the smart contract of the asset. 

Low-cost loans

The OpFi protocol allows users to collateralize loans at a low-interest rate of 2 to 5%. The users get encouraged to hedge their bets. 

Universal chain support

Since it is open, the protocol will allow the sharing of assets between the different chains, and the users get the best of both the worlds. They get access to more assets and can transact at a low fee. 

Earn the yield on real-world assets

The majority of real-world assets like Gold and Silver do not earn a person any interest or revenue just by holding them. However, Open Finance will change all that. One can stake his assets as collateral and earn the yield from it. 

Krypital Group, a well-known Venture capital and Blockchain innovator will launch the Mexo crypto exchange on August 20^th. The entry in the LATAM Crypto market will be a boon for crypto users in Latin America as it would fulfill their long-pending needs for an exchange. 

There has been an exponential rise in demand for digital assets in the Mexican region and the launch of Mexo will fulfill the exclusive cryptocurrency needs of the region. The country alone has over 800,000 active crypto users who have for long not had much access to growth markets and new products like derivatives and defi assets. Now, within the safe environment of Mexo, there will be almost unlimited opportunities for them to access these products and sharpen their technical and fundamental skill sets to gain trading expertise.  

The Mexo cryptocurrency exchange has been exclusively developed for Mexican and LATAM traders and offer products that are based on the trading trends they are used to. The Mexo platform is reliable and user-friendly, providing both the seasoned and the new entrant easy options to buy or sell and trade in cryptocurrency and make considered investment choices. The purpose-built platform Mexo caters to all sections of traders including OTC, P2P, and market makers. 

The hallmarks of Mexo are fail-safe security, deep liquidity, and superior customer service, everything that should be omnipresent in any modern cryptocurrency exchange. Mexo provides access to a complete list of trading pairs and features including the peer-to-peer market place, contract trading, spot trading, and local expert support team.    

The utility of launching Mexo is brought out clearly by David Yao, CMO. He says,

The Mexo exchange is a brainchild of the Krypital Group, a leading global venture capital firm and an established Blockchain innovator. The firm has guided projects in the cryptocurrency space for over $1 billion and has more than 2 million users in its top Blockchain projects. Additionally, the Krypital Group received distinguished and outstanding awards instituted by the Nova Global Blockchain Investment Institution.