📱 Messaging giant LINE launches $10 million token venture fund
Japanese messaging giant LINE has launched a token venture fund with a capital commitment of $10 million via its recently established subsidiary called Unblock Ventures. While Unblock Ventures, incorporated in Hong Kong in July, will be the fund's manager, the $10 million capital is solely provided by LVC Corporation, another subsidiary of the LINE group. The company said it expects to increase the total amount of the fund in the future based on the development of the blockchain industry.
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