‘Unchain’: Chat Giant LINE Partners with ICON to Build Blockchain Network
LINE PLUS, the mobile platform subsidiary of social messeging app LINE, has partnered with cryptocurrency startup ICON, in a joint venture to develop LINE’s blockchain network.
Last Month, LINE announced the launch of its blockchain subsidiary Unblock, marking its first venture into the blockchain space. LINE PLUS and ICON has co-founded Unchain, a blockchain network which aims to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.
ICON technical director H.K. Lee has been appointed as the CEO of Unchain. Lee currently develops and reviews DApp teams looking to collaborate with ICON.
In an official statement released today, the ICON team said it believes the joint venture with Line will “connect significantly more users and DApps to the ICON network”, bringing them much closer to a “Hyperconnected World”.
“Unchain will create a blockchain ecosystem fueled by a token economy, where the users are rewarded for their contributions to the network. DApp services discovered through ICON and Unblock, a subsidiary of LINE dedicated to blockchain research and to accelerate DApp projects, will be integrated with Unchain,” the statement read.
Last month, LINE revealed its plan to launch its proprietary blockchain mainnet. The company said that is actively setting up developer bases, expediting talent acquisition, and making additions to Unblock and Blockchain Lab in South Korea and Japan.
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