Japanese messaging application Line has opened licenzirovanie venture Fund with a capital of $10 million. The founder of the Foundation, officially made a subsidiary of Line Corporation Unblock Ventures.
The Fund will invest in blockchain startups and thus contribute to technological development. Despite the fact that leadership will play Unblock Ventures, the headquarters of which was opened in Hong Kong in July, the entire capital of the Fund is provided by the LVC Corporation — another daughter Line Corporation. According to representatives of the Japanese company, the Fund size can be significantly increased over time depending on the pace of development in the blockchain industry.
The discovery Fund is one of the steps, illustrating a strong join Line on the cryptocurrency market. At the end of June, the company announced the launch of its own crypto currency exchange called the BitBox. On the trading platform you can trade 30 digital currencies, however, exchange for Fiat money is not yet available. Today on its official website Line announced the addition of the TRX platform token, the native currency of the blockchain Tron, “independence day” which was held in June. This is the first crypto project, the decision about listing the tokens which was approved by the Board of Directors BitBox. Airdrop token place on August 22, after on the marketplace will appear 9 million TRX. According to CoinMarketCap, right after the news TRON rate rose to 12%.
“Adding TRX to the platform BitBox will allow us to join global fast growing blockchain project”, — said the head of the company managing the exchange, — “…We expect to build strategic partnerships with Tron and to ensure our users the best deals in the cryptocurrency field.”
In April, the Line also announced the creation of its own platform for developers of decentralized applications.