PRESS RELEASE. Tortola, BVI, 10 Jan 2022: Anyone who has been listening to the world of NFTs (non-fungible tokens) will know that individuals love investing in cartoon-themed initiatives. Whether or not it’s the immensely fashionable 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 anxious these days, toons proceed to play an necessary position.
With that being stated, ‘TooNFT’, a blockchain-oriented webtoon platform, lately made it identified that it has debuted on the ecosystem of South Korea’s main webtoon firm, Toomics. To assist with the development of a completely decentralised webtoon platform, the TooNFT staff secured a whopping $1.75 million through a non-public financing spherical.
What is TooNFT?
TooNFT is constructed upon the Toomics ecosystem, which is without doubt one of the most wanted webtoon service platforms with about 50 million lively internet 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 might finest be understood as a blockchain-oriented platform which strives to revolutionize the comics and webtoon trade via the creation of an intuitive next-generation ecosystem constructed round NFTs.
HG Ventures had thus led the beforehand talked about non-public 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 prime of the aforementioned Toomics ecosystem in order to introduce the idea of non-fungible tokens to the webtoon and comics sector.
TooNFT’s foremost goal is to therefore improve the revolutionary surroundings by offering a system which permits writers to attract in investments via the P2P (Peer To Peer) format with out monopolising the intermediation course of. As a outcome, by producing a large quantity of assist through early-stage buyers within the quantity of $1.75 million of their non-public in addition to seed rounds, TooNFT can thus start creating its webtoon NFT infrastructure to efficiently combine with the blockchain distributed ledger know-how. Moreover, it’s working in the direction of making significant enhancements concerning 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 subsequently 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 creating 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 largest webtoon platforms in the whole 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 by utilizing a blockchain-oriented protocol and creating a extremely superior and intuitive NFT ecosystem. TooNFT will subsequently do properly by working alongside such an revolutionary and profitable platform.
CEO title: Kim Dongil
Email: [email protected]
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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