Messaging Giant Line Launches $10 Million Token Venture Fund
Japanese messaging giant Line appears to be diving deeper into the world of cryptocurrency following its launch of a $10 million token venture fund. Line’s Third Foray into Crypto Tokyo-based Line has now become one of the first publicly traded companies to launch its own cryptocurrency investment fund, according to a press release. The news comes just weeks after the multi-billion-dollar corporation raised the curtain on its new cryptocurrency exchange, Bitbox Line’s latest endeavor, Unblock Ventures Ltd., will purportedly focus on token investments that encourage the adoption of cryptocurrencies and blockchain. Having hit the ground running with $10 million in funding from a fellow Line subsidiary, LVC, Unblock may be granted additional funding “according to the growth of the blockchain market.” Judging by the market’s bearish trend, the fund may not wish to hold its breath for a fresh injection of capital any time soon. A severe retracement has seen the
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