Home / Bitcoin Latest News / Subsidiary of Korean Search Giant Naver Launches Blockchain Venture For Decentralized Apps

Subsidiary of Korean Search Giant Naver Launches Blockchain Venture For Decentralized Apps

Line Plus, the cellular platform subsidiary of Japan’s most well liked messaging app Line, has introduced a joint blockchain initiative – Unchain – with crypto platform ICON, Cointelegraph Japan stories lately, May 16.

In the start of April, Line Plus had additionally released its blockchain associate Unblock in South Korea, as a way to combine blockchain tech into Line’s cross-market machine. Line is itself a subsidiary of South Korean seek engine large Naver, however is based totally in Tokyo to keep away from festival from Kakao.

Line’s press release notes that Unchain will paintings with Unblock to convey Line’s blockchain mainnet and its DApps nearer in combination by way of the use of ICON’s blockchain generation. ICON’s Hong-kyu Lee, who will likely be Unchain’s CEO, stated in within the press liberate that they “expect to promote an array of blockchain-based dApp services for daily use”:

“The upward thrust of those services and products is predicted to catalyze the expansion of LINE and the ICON blockchain ecosystem.”

ICON is recently ranked 19th on Coinmarketcap, buying and selling for round $three.87 and down about 10 p.c by way of press time.

At the top of March, Line competitor Kakao formally announced their very own blockchain subsidiary as phase of their Kakao three.zero marketing strategy.

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