LINE NFT to offer “NFT free distribution function”

LINE NFT to provide NFT airdrop function

On September 28th, it was announced that a free NFT distribution (airdrop) function will be provided on the domestic NFT comprehensive marketplace "LINE NFT" provided by LINE Xenesis (Line Genesis: formerly LVC).

With this airdrop function, it will be possible to distribute NFTs to an unspecified number of users for free. Companies and content holders who use this function can expect not only to get to know their own NFTs, but also to increase awareness and interest in their services to users using NFTs as a gateway.

In addition, Line Genesis describes this function as "a tool that creates opportunities for companies and content holders to easily touch their NFTs with users."

Examples of using this function include "NFT distribution to event visitors such as live performances and concerts, NFT distribution in various campaigns using SNS, etc." Utilization” is given.

In addition, in order for users to receive NFTs distributed free of charge by this function, they can receive them from the "LINE NFT" account by reading the QR code for receiving NFTs. In addition, the received NFT can be stored and managed in the digital asset management wallet "LINE BITMAX Wallet".

This airdrop function will be based on LINE Blockchain, a private blockchain developed independently by LINE. The distributed NFT will also be minted (cast/issued) on the same blockchain.

"LINE Blockchain" is developed by "Tendermint BFT (Benzantine fault Tolerance)", which is the development base of Cosmos (ATOM), and interoperability with Ethereum is planned.

In addition, “LINE Blockchain” has issued a native token “Link (LN)”, which can be obtained domestically at LINE BITMAX, a crypto asset (virtual currency) exchange operated by LINE.