Tortola, British Virgin Islands, Jan. 11, 2022 (GLOBE NEWSWIRE) — Anybody who has been being attentive to the world of NFTs (non-fungible tokens) will know that folks love investing in cartoon-themed initiatives. Whether or not it’s the immensely widespread canine-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or even perhaps well-known NFT collections like The Bored Ape Yacht Membership (TBAYC), the very fact stays that so far as investing is anxious these days, toons proceed to play an essential function.
With that being stated, ‘TooNFT’, a blockchain-oriented webtoon platform, just 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 completely decentralised webtoon platform, the TooNFT group secured a whopping $1.75 million by way of a non-public financing spherical.
TooNFT is constructed upon the Toomics ecosystem, which is among 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. Basically, TooNFT could finest be understood as a blockchain-oriented platform which strives to revolutionize the comics and webtoon business by way 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 important goal is to therefore improve the revolutionary atmosphere by offering a system which permits writers to attract in investments by way of the P2P (Peer To Peer) format with out monopolising the intermediation course of. In consequence, by producing a large quantity of assist 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 creating its webtoon NFT infrastructure to efficiently combine with the blockchain distributed ledger expertise. Furthermore, it’s working in direction of making significant enhancements concerning the webtoon business 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 change into the world’s inaugural worldwide decentralized webtoon platform for mass consumption.
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 Financial institution, and GMarket, and is now thought of as one of many largest webtoon platforms in your 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 through the use of a blockchain-oriented protocol and creating a extremely superior and intuitive NFT ecosystem. TooNFT will due to this fact do properly by working alongside such an revolutionary and profitable platform.
Media Contact –
CEO title: Kim Dongil
Telephone: +82 10 8006 0401
Deal with: Charles Courtroom, 1st Flooring, 189 Foremost Avenue, PO Field 4406, Tortola, VG1110, British Virgin Islands.
The knowledge offered on this launch will not be funding recommendation, monetary recommendation or buying and selling recommendation. It is suggested that you just follow due diligence (together with session with an expert monetary advisor earlier than investing or buying and selling securities and cryptocurrency).