Press Release
PRICE RELEASE Tortola in BVI (10 Jan 2022)If you’ve been following the world of NFTs (nonfungible tokens), then you will have noticed that many people enjoy investing in cartoon-themed projects. Whether you are looking at Dogecoin, Shiba Inu or other canine-oriented cryptocurrencies such as DOGE and SHIB, the truth is that toons still play an integral part in investing.
With that being said, ‘TooNFT’, a blockchain-oriented webtoon platform, recently made it known that it has debuted on the ecosystem of South Korea’s leading webtoon company, Toomics. TooNFT raised $1.75 million through a private financing round to assist in the creation of a webtoon platform that is fully decentralized.
What exactly is TooNFT?
TooNFT builds upon the Toomics platform, one of the most popular webtoon services platforms. There are approximately 50 million web users and more than 10,000,000 apps downloaded on iOS and Android. TooNFT also generates a strong profit-generating structure. TooNFT is a blockchain-oriented platform, which aims to revolutionize comics and the webtoon market through the development of an intuitive new-generation ecosystem based on NFTs.
HG Ventures was the leader of the private funding round, which was also supported by prominent institutional investors such as Alphabit, GBIC and Prestige Fund, Mindfulness Capital, Mindfulness Capital, Adaptive Labs, Adaptive Labs, GBIC, Prestige Fund, Mindfulness Capital, Mindfulness Capital, and Adaptive Labs. To bring non-fungible tokens to comics and webtoons, TooNFT launched its platform on the Toomics ecosystem. This was in accordance with high standards.
TooNFT’s main objective is to hence enhance the innovative environment by providing a system which enables writers to draw in investments through the P2P (Peer To Peer) format without monopolising the intermediation process. TooNFT was able to raise $1.75M in seed round and private investors for its infrastructure of webtoon NFT. It can then begin integrating the blockchain distributed ledger technology with it. It is also working to make meaningful improvements in the webtoon sector, including easy-investment access for many regular users, without intermediaries. TooNFT therefore leverages blockchain to become the world’s inaugural worldwide decentralized webtoon platform for mass consumption.
Toomics and its significance
Toomics launched in 2015 after raising $15 million in venture capital financing to help them achieve their goal of creating a website for comics and webtoons. Toomics is now an international webtoon platform with 7 million monthly active users. It has been recognized by respected institutions for receiving numerous accolades, including collaborations with AfreecaTV and Tencent. Toomics has strong business traction. It makes up $60 million annually through centralized subscriptions to various webtoons.
In layman’s terms, it aims to disrupt the webtoon business by using a blockchain-oriented protocol and developing a highly advanced and intuitive NFT ecosystem. TooNFT is a great partner for such a unique and popular platform.
Contact Media
CEO name: 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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