Chat giant LINE's mobile platform subsidiary LINE Plus and ICON are co-founding ‘Unchain’ to build LINE’s blockchain network.
LINE Plus last month announced the launch of its blockchain subsidiary Unchain, which marked its first venture into the blockchain space. ICON has now come onboard to help accomplish Unchain’s goal of developing various DApp services.
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 its official blog post, ICON said that it believes that this joint venture with LINE will “connect significantly more users and DApps to the ICON network, bringing us that 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,” ICON said.
In April, LINE also revealed its plans 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.
