In Order To Integrate a Mobile-Enabled NFT Platform, LINE NEXT Raises $140 Million In Seed Funding, While Metagood Secures $5 Million

LINE NEXT, the Web3 division of the Japanese messaging application LINE, has reportedly raised $140 million in a funding round led by the private equity firm Crescendo, which is sponsored by Peter Thiel, according to Blockworks. DOSI, an NFT platform that is mobile-enabled, is intended to be integrated with LINE NFT, the company's current NFT marketplace. Other news from the NFT market includes Sora Ventures leading a $5 million pilot funding round for Metagood. Metagood's Osura marketplace, which labels itself as a marketplace for "high-end" ordinal inscriptions, is one of several competing for market share in Bitcoin ordinals trading.

Additionally, nftperp, an NFT perpetual futures exchange, secured $3 million in Series A funding under the leadership of 1kx. Nftperp enables investors to speculate on the floor pricing of well-known NFT collections for long or short positions. Tiger Global reportedly reduced its stakes in NFT titans Board Ape Yacht Club and OpenSea by 69% and 94%, respectively, prior to these funding rounds.

Additionally, BITKRAFT Ventures led a $8 million Series B funding round in Lolli, a bitcoin cashback rewards service that enables users to accumulate bitcoin-denominated commission rewards on purchases made at prominent retailers. The funding will be utilized to expand the card linkage program and forge alliances with search engines, card networks, neobanks, exchanges, and payment companies. Additional noteworthy fundraisements include a Series A round of $13.5 million led by A16z for the Web3 authentication platform Dynamic, a Series B round of $30 million led by M&G Investments for the digital asset derivatives trading firm GFO-X, and a $48 million raise at a $1 billion valuation for the digital asset risk management firm Andalusia Labs, led by Lightspeed Venture partners. Additionally, Canaan Creative, a manufacturer of mining rigs, raised $25 million from an unidentified institutional investor through the sale of preferred shares.