LINE Corporation of Japan teams with Theta Network to launch video service targeting Asia market

This article was first published on Stories by Theta Labs on Medium

LINE Tech Plus teams with Theta Network to launch video service targeting Asia market

LINE Tech Plus, a subsidiary of LINE Corporation of Japan, is teaming up with Theta Network to launch “ for LINK”, a new video service targeted to Japan, Taiwan, Thailand and other parts of Southeast Asia. The mobile app is fully powered by Theta’s protocol infrastructure along with LINE blockchain, a proprietary blockchain network built to foster stronger relationships between users and service providers in the LINE ecosystem.

LINE is the most popular Japanese instant messenger app with more than 200 million users in key markets of Japan, Taiwan, Indonesia, Thailand, Cambodia and growing quickly in other parts of Asia. Run by LINE Corporation, the publicly-traded Japanese subsidiary of Korea’s NAVER Corporation, it boasts more than 130M Daily Active Users highlighting how integral the LINE app is to everyday life. LINE offers a suite of other features including LINE Pay which lets users send money peer-to-peer and used for retail purchases, LINE Taxi to order taxis and food delivery, and LINE MUSIC which is a service like Spotify or Apple Music. for LINK users will earn token rewards by sharing their bandwidth while watching premium esports, film, and crypto content, and can subscribe to streamers and donate to them just like in other Theta Network apps. TFUEL earned through the app will be automatically converted to the LINK token on LINE blockchain, allowing Japanese content creators to seamlessly use LINK tokens at Japanese exchanges and other platforms where LINK is accepted. for LINK will be accessible and integrated into the LINE messenger app, allowing easy access to existing LINE users.

“Our strategic collaboration with LINE is another big step towards global adoption of the Theta Network,” said Mitch Liu, CEO and co-founder of ...

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