PRESS RELEASE. Tortola, BVI, 10 Jan 2022: Anyone who has been listening to the world of NFTs (non-fungible tokens) will know that folks love investing in cartoon-themed initiatives. Whether it’s the immensely common canine-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or maybe even well-known NFT collections like The Bored Ape Yacht Club (TBAYC), the actual fact stays that so far as investing is worried these days, toons proceed to play an essential position.
With that being mentioned, ‘TooNFT’, a blockchain-oriented webtoon platform, lately made it recognized that it has debuted on the ecosystem of South Korea’s main webtoon firm, Toomics. To assist with the development of a totally decentralised webtoon platform, the TooNFT crew secured a whopping $1.75 million by way of a personal financing spherical.
What is TooNFT?
TooNFT is constructed upon the Toomics ecosystem, which is among the most wanted webtoon service platforms with about 50 million energetic net customers along with greater than 10 million app downloads on each Android and iOS, in addition to a strong profit-generating enterprise construction. Essentially, TooNFT could finest be understood as a blockchain-oriented platform which strives to revolutionize the comics and webtoon trade by the creation of an intuitive next-generation ecosystem constructed round NFTs.
HG Ventures had thus led the beforehand talked about personal spherical of funding, which was supported by notable institutional buyers like Adaptive Labs, Alphabit, GBIC, Prestige Fund and Mindfulness Capital. By adhering to excessive requirements and the general aim of embracing a decentralized future, the TooNFT platform was launched on high of the aforementioned Toomics ecosystem in order to introduce the idea of non-fungible tokens to the webtoon and comics sector.
TooNFT’s most important goal is to therefore improve the modern setting by offering a system which allows writers to attract in investments by the P2P (Peer To Peer) format with out monopolising the intermediation course of. As a end result, by producing a large quantity of help by way of early-stage buyers within the quantity of $1.75 million of their personal in addition to seed rounds, TooNFT can thus start growing its webtoon NFT infrastructure to efficiently combine with the blockchain distributed ledger know-how. Moreover, it’s working in direction of making significant enhancements relating to the webtoon trade together with however not restricted to easy-investment entry for quite a few common customers with out the involvement of intermediaries, in addition to a safe and reliable service with clear information and varied staking and reinvestment alternatives. TooNFT due to this fact leverages blockchain to grow to be the world’s inaugural worldwide decentralized webtoon platform for mass consumption.
The significance of Toomics
Toomics started in 2015 by garnering as much as $15 million in enterprise capital funding to launch their goal of growing a platform for webtoons and comics. Toomics has since exceeded all preliminary expectations and has as much as 7 million MAU, inked collaborations with AfreecaTV, Tencent, KEB Hana Bank, and GMarket, and is now thought of as one of many greatest webtoon platforms in your entire world, having obtained varied accolades from revered establishments. Toomics therefore has robust enterprise traction, with as much as $60 million made yearly from centralized gross sales of varied webtoon subscriptions on its platform.
In layman’s phrases, it goals to disrupt the webtoon enterprise through the use of a blockchain-oriented protocol and growing a extremely superior and intuitive NFT ecosystem. TooNFT will due to this fact do properly by working alongside such an modern and profitable platform.
CEO title: Kim Dongil
Phone: +82 10 8006 0401
Company: Global Digital Contents Ltd.
Address: Charles Court, 1st Floor, 189 Main Street, PO Box 4406, Tortola, VG1110, British Virgin Islands.
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