STEPN to develop on LINE Blockchain
It turned out that “STEPN” will be developed on LINE’s own blockchain “LINE Blockchain”.LINE Xenesis, which develops LINE’s crypto asset business and blockchain-related business, announced on August 9th.
“STEPN” is developed on Solana, BNB Chain, and Ethereum, but this time, “LINE Blockchain” has been named as the fourth blockchain.
According to LINE Xenesis, the company has signed a memorandum of understanding with Find Satoshi Lab Limited, which operates “STEPN”, to localize “STEPN” in Japan using “LINE Blockchain”.
LINE Xenesis President and CEO Ingyu Lim said, “We are very pleased to be able to collaborate with STEPN, which has created a leading example of WEB 3.0 globally and is very popular in Japan. LINE Blockchain As LINE’s own blockchain, it is used as the underlying technology for various LINE services.Through this collaboration that transcends national boundaries, new synergies will be created and we will continue to bring new value to users by being the closest to users. We would like to provide it,” he commented in the release.
In addition, STEPN co-founder Yawn Rong“We have high expectations for LINE Blockchain as a blockchain that is at the forefront of the enterprise blockchain field. Japan is one of the largest consumer markets for LINE, with approximately 92 million users in Japan, and is one of the most important markets for STEPN. We believe that it is one of them.We will continue our efforts in the future, and we would like to provide Japanese users with more opportunities to enjoy the world of WEB 3.0 (partial excerpt)” in the release. commenting.
The editorial department of “Atarashii Economy”I am asking LINE Xenesis regarding the timing of the launch of “STEPN” on “LINE Blockchain”. As soon as we get a response, we will add it to this article.
2022.8.9 11:25 added below
When I asked LINE Xenesis regarding the timing of the launch of “STEPN” on “LINE Blockchain”, “Currently,Both companies are cooperating for the optimal service launch, so we plan to announce the specific timing as soon as it is decided.”
What is STEPN
“STEPN” is a Move-and-Earn game that uses NFT sneakers to earn “GST: Green Satoshi Token”, a utility token, according to the number of steps taken while walking or jogging. In addition to being able to raise the level of sneaker status with “GST”, the governance token “GMT” is also used as needed.
“STEPN” is currently running on three blockchains: Solana, BNB Chain, and Ethereum. It is issued on each blockchain as a token.
What is LINE Blockchain
“LINE Blockchain” is a private blockchain developed independently by LINE.
“PLAYBACK 9”, a service that allows you to purchase and collect the official digital movie NFT of the Yokohama DeNA Baystars team,Square Enix’s NFT Digital Seal “Asset Million Arthur”,NFT of TV Asahi’s “Toei Robot Anime Series” etc.In addition to being adopted inEven when NFT limited to visitors was distributed free of charge at the solo performance held in April by “Zutto Mayonade Ii ni.”“LINE Blockchain” has been adopted.
In addition, “LINE Blockchain” issues a crypto asset “LINK (LN)” as a native token.
Links are currently handled by LINE BITMAX, a domestic exchange operated by LINE, BITFRONT, a global exchange excluding Japan, and Bithumb, an overseas exchange. . Bithumb and Bitfront do not provide services for Japanese residents.
related news
Softbank, NAVER, etc. invest approximately 1.36 billion yen in LINE NEXT’s global NFT business
STEPN’s ‘GMT’, FTX now supports ERC20
Advantages and challenges of “○○ to Earn” and what can be learned from STEPN
STEPN, where you can earn money by walking, will be suspended in China
Is it necessary to “earn” in the game? (double jump. Tokyoo CEO Hironobu Ueno)
reference:LINE Xenesis
