On the back of yesterday’s news from STEPN, GST saw an 8% increase in GST, and today, as part of their latest initiative to bring the application to the masses, the team announced a partnership with Japan’s LINE Xenesis Corporation, engaged in the development of crypto assets and blockchain.
The so-called Memorandum of Understanding aims to include LINE’s blockchain, LINE Blockchain, in the application.
LINE established the LINE Blockchain Lab in April 2018 and has continued developing dApps using blockchain technology. The company developed its blockchain and released the successful LINK crypto asset. The company is currently working on LINE BITMAX and BITFRONT crypto asset trading services in Japan and beyond. In addition, the company launched its NFT marketplace called LINE NFT.
The MoU aims to use the LINE Blockchain in the localization of STEPN for the Japanese market. Shortly, both parties will develop various products for the Japanese market.
STEPN has become very popular in Japan. Thus, cooperation with the leading blockchain company in the country was only a matter of time.
“Through this international collaboration, we hope to create new synergies and continue to offer new blockchain value from a position closest to our users,” LINE shared.
STEPN, in turn, chose LINE for cooperation because of its initiative to offset carbon emissions and protect the environment. The team concluded that Japan is one of the critical consumer markets for them.
