Home Blockchain Blockchain-based Webtoon Platform “TooNFT” Launches on Toomics

Blockchain-based Webtoon Platform “TooNFT” Launches on Toomics

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Anybody 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 common canine-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or maybe even well-known NFT collections like The Bored Ape Yacht Membership (TBAYC), the very fact stays that so far as investing is worried these days, toons proceed to play an vital function. 

With that being stated, ‘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 decentralized webtoon platform, the TooNFT workforce secured a whopping $1.75 million through a personal financing spherical. 

What’s TooNFT?

TooNFT is constructed upon the Toomics ecosystem, which is without doubt one of the most sought-after 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.

Primarily, TooNFT might greatest be understood as a blockchain-oriented platform that strives to revolutionize the comics and webtoon trade by means of 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, Status Fund and Mindfulness Capital. By adhering to excessive requirements and the general objective 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 essential goal is to boost the modern atmosphere by offering a system which allows writers to attract in investments by means of the P2P (Peer To Peer) format with out monopolising the intermediation course of.

Consequently, by producing a large quantity of assist through 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 technology.

Furthermore, 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 turn into the world’s inaugural worldwide decentralized webtoon platform for mass consumption.

The importance 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 Financial institution, and GMarket, and is now thought of as one of many greatest webtoon platforms in the complete world, having acquired varied accolades from revered establishments.

Toomics therefore has sturdy 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 growing a extremely superior and intuitive NFT ecosystem. TooNFT will subsequently do effectively by working alongside such an modern and profitable platform.

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