TooNFT plans to develop a decentralized webtoon platform. The undertaking has raised a staggering $1.75 million in a personal spherical supervised by HG Ventures.
The TooNFT undertaking succeeds in attracting institutional traders comparable to Mindfulness Capital, Adaptive Labs, Prestige Fund, Alphabet, and GBIC. With the backing of such traders, TooNFT is about to change into an unbelievable 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 change into South Korea’s main subscription platform with 50 million energetic customers and 10 million app downloads. TooNFT caters to an unbelievable 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 change into 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 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 artistic 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 undertaking will develop a sustainable expertise that can fill within the want for a super undertaking within the webtoon trade.
The blockchain-fueled platform TooNFT will present its customers with safe, dependable, and quick access to put money into the undertaking alongside staking alternatives and clear knowledge. TooNFT is about to change into 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 pair of.6 billion web page views by its subsidiaries on the planet together with North America, Singapore, and Taiwan. The stage is all set for TooNFT to overcome and change into the highest blockchain-powered webtoon service.
Another facet that may attraction to the group is that TooNFT will begin its journey with 11 languages comparable to 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 doubtless TooNFT will host content material producers and quite a few webtoon podiums sooner or later.