The Blockchain-based Webtoon Platform “TooNFT” Launches On Toomics’ Ecosystem

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Tortola, BVI, Jan 10, 2022, Anyone who has been paying attention to the world of NFTs (non-fungible tokens) will know that people love to invest in cartoon-themed initiatives. Whether it’s the immensely popular dog-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or perhaps even NFT collections known as The Bored Ape Yacht Club (TBAYC), the fact is that as far as the investment today, toons continue to play an important role.

With that said, ‘TooNFT‘, a blockchain-oriented webtoon platform, recently unveiled that it has debuted in the ecosystem of South Korea’s leading webtoon company, Toomics. To help with building a fully decentralized webtoon platform, the TooNFT team secured a whopping $ 1.75 million through a private funding round.

What is TooNFT?

TooNFT is built on the Toomics ecosystem, which is one of the most sought after webtoon service platforms with approximately 50 million active web users, plus more than 10 million app downloads on both Android and iOS, as well as a solid profit generating company. structure. Essentially, TooNFT can best be understood as a blockchain-oriented platform striving to revolutionize the comic book and webtoon industry by creating an intuitive next-generation ecosystem built around NFT.

HG Ventures had thus led the aforementioned private financing round, which had the support of notable institutional investors such as Adaptive Labs, Alphabit, GBIC, Prestige Fund and Mindfulness Capital. Adhering to high standards and the overarching goal of embracing a decentralized future, the TooNFT platform was launched on top of the aforementioned Toomics ecosystem to introduce the concept of non-fungible tokens to the webtoon and comics sector.

The main objective of TooNFT is, therefore, to improve the innovative environment by providing a system that allows writers to attract investment through the P2P (Peer To Peer) format without monopolizing the intermediation process. As a result, by generating a considerable amount of support through early stage investors in the amount of USD 1.75 million in both its private and initial rounds, TooNFT can begin to develop its webtoon NFT infrastructure to successfully integrate with the technology. blockchain distributed ledger. . In addition, it is working to make significant improvements over the webtoon industry, including but not limited to easy access to investment for many regular users without the involvement of intermediaries, as well as a secure and reliable service with transparent data and various opportunities for participation and reinvestment. Hence, TooNFT leverages blockchain to become the world’s inaugural decentralized webtoon platform for mass consumption.

The meaning of Toomics

Toomics began in 2015 by raising up to $ 15 million in venture capital funding to launch its goal of developing a platform for webtoons and comics. Since then, Toomics has exceeded all initial expectations and has up to 7 million MAUs, inked collaborations with AfreecaTV, Tencent, KEB Hana Bank and GMarket, and is now considered one of the largest webtoon platforms in the world, having received several accolades. of respected institutions. Therefore, Toomics has strong commercial traction, with up to $ 60 million annually coming from centralized sales of various webtoon subscriptions on its platform.

In simple terms, their goal is to disrupt the webtoon business by using a blockchain-oriented protocol and developing a highly advanced and intuitive NFT ecosystem. Therefore, TooNFT will do well working together with such an innovative and successful platform.

Media contact

CEO’s name: Kim Dongil

Email: [email protected]

Telephone: +82 10 8006 0401

Company: Global Digital Contents Ltd.

Speak to: Charles Court, 1st Floor, 189 Main Street, PO Box 4406, Tortola, VG1110, British Virgin Islands.

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