TooNFT plans to develop a decentralized webtoon platform. The venture has raised a staggering $1.75 million in a non-public spherical supervised by HG Ventures.
The TooNFT venture succeeds in attracting institutional traders resembling Mindfulness Capital, Adaptive Labs, Prestige Fund, Alphabet, and GBIC. With the backing of such traders, TooNFT is ready to grow to be an unimaginable product. According to the press launch, TooNFT will leverage the ecosystem of an immense profit-generating enterprise mannequin of Toomics, a South Korean Webtoon agency.
The affiliate of the TooNFT, Toomics has grow to be South Korea’s main subscription platform with 50 million energetic customers and 10 million app downloads. TooNFT caters to an unimaginable NFT ecosystem and values bringing disruption that separates it from different webtoon service suppliers.
What is Toomics?
With 10 million app downloads and 50 million energetic customers, Toomics has grow to be the main webtoon comics agency in South Korea. Toomics was based again in 2015 accumulating $15 million from institutional traders to create the main webtoon comics firm in South Korea.
Over the previous few years, Toomics has partnered with Tencent, KEB Hana Bank, GMarket, and AfreecaTV. It has additionally acquired a number of awards from respected establishments. Furthermore, Toomics generates roughly $60 million yearly by way of its subscription service.
TooNFT Introduces NFT Concept in Comics and Webtoon Industry
TooNFT has been launched on Toomics to embrace the outlook of a decentralised future. TooNFT strives to alleviate the inventive ecosystem and develop a monetary framework the place writers can entice funding with out involving any middlemen.
As beforehand said, TooNFT has amassed $1.75 in personal and seed rounds from institutional traders. The venture will develop a sustainable expertise that can fill within the want for a perfect venture within the webtoon trade.
The blockchain-fueled platform TooNFT will present its customers with safe, dependable, and easy accessibility to spend money on the venture alongside staking alternatives and clear knowledge. TooNFT is ready to grow to be the primary decentralized webtoon platform that operates on the blockchain.
It’s value noting that Toomics is already a big model within the webtoon trade with 50 million customers and a couple of.6 billion web page views by way of its subsidiaries on the earth together with North America, Singapore, and Taiwan. The stage is all set for TooNFT to overcome and grow to be the highest blockchain-powered webtoon service.
Another side that may attraction to the neighborhood is that TooNFT will begin its journey with 11 languages resembling English, Korean, French, Spanish, and others.
In 2023, TooNFT intends to facilitate its customers with P2P buying and selling and funding alternatives after launching the next-gen NFT market. It additionally plans to permit customers to commerce NFTized content material, funding alternatives, and fundraising with out the interference of any third celebration. Most possible TooNFT will host content material producers and quite a few webtoon podiums sooner or later.