Line Next Invests $140M to Expand DOSI Game

Line Next, a blockchain subsidiary based in the United States under the South Korean social media network Line, has secured a strategic investment of $140 million from Crescendo Equity Partners.

This funding aims to boost the development of Line Next's blockchain ecosystem, specifically focusing on the DOSI game, in the coming year.

Throughout 2023, Line Next has been actively developing the beta version of DOSI, laying the groundwork for the official mobile application launch scheduled for January 2024.

Line Next, a subsidiary of Line—one of Asia's renowned messaging application companies headquartered in Seongham, South Korea—specializes in expanding the DOSI blockchain ecosystem and NFTs.

On December 11, 2023, Line Next unveiled the first images of its upcoming game titled "Sweet Monster Guardians," part of the Game Dosi platform within the DOSI blockchain ecosystem. The game will integrate NFTs inspired by popular Korean character brand Sweet Monster, known for its licensed dessert-themed characters.

Sweet Monster is a well-established character brand in South Korea, primarily involved in licensing dessert-themed merchandise.

Sweet Monster Guardians falls under the genre of strategic defense games built on the web, allowing players direct access to the game through the website without needing to download it.

Line Next's vision extends beyond NFTs to developing AI-driven social applications using user avatars. This initiative will culminate in the release of a game named "Brown & Friends."

Moreover, Line Next plans to collaborate with web2 game developers to facilitate easier NFT asset transactions. This strategic move underscores their expansive vision for the platform.

Crescendo Equity Partners, Line Next's investor source, will assume a governance role within Line Next. This strategic partnership is expected to strengthen the platform, fostering opportunities for growth and innovation.

Line Next takes pride in its user base of 5.5 million worldwide, facilitating over 470,000 transactions and distributing more than 20 million NFTs. It aims to be a leading service platform in the web3 sector.

Kevin Lee, Managing Partner at Crescendo Equity Partners, emphasized, "Line Next aims to set a standard for web3 applications that web2 users can easily adopt without significant barriers."

This strategic investment marks a significant milestone in Line Next's journey towards expanding its blockchain ecosystem and enhancing user engagement across its platforms.