TooNFT intends to create a decentralized platform for webtoons. Project has received a record $1.75 Million in a private round supervised HG Ventures.
TooNFT is able to attract institutional investors like Mindfulness Capital and Adaptive Labs as well as Prestige Fund, Alphabet, GBIC, Prestige Fund, Alphabet and Prestige Fund. TooNFT has the potential to be a great product thanks to such investors. TooNFT, according to the release, will benefit from the immense profit-generating business model that Toomics (a South Korean webtoon company) has created.
The affiliate of the TooNFT, Toomics has become South Korea’s leading subscription platform with 50 million active users and 10 million app downloads. TooNFT is a webtoon provider that caters to a remarkable NFT community and promotes disruption.
What are Toomics?
Toomics is the most popular webtoons company in South Korea, with over 10 million apps downloaded and more than 50 million users. Toomics was created in 2015 after acquiring $15 million from institutions investors.
Toomics has collaborated with Tencent Bank, KEB Hana Bank and GMarket over the years. Multiple awards were also given out by respected institutions. Toomics also generates $60 million annually through its subscription service.
TooNFT introduces NFT concept in Comics and Webtoons
TooNFT was launched by Toomics in order to promote a decentralized future. TooNFT aims to improve the creativity ecosystem by creating a financial structure that allows writers to attract investments without any intermediaries.
TooNFT received $1.75 in seed and private rounds from institutional investors, just as we stated previously. This project will create a viable technology to meet the needs of the webtoon market.
TooNFT is a platform powered by blockchain that will allow its users to secure and reliable access to their project. It also offers transparent data and stake opportunities. TooNFT plans to be the first webtoon platform on blockchain that is decentralized.
It’s worth noting that Toomics is already a significant brand in the webtoon industry with 50 million users and 2.6 billion page views through its subsidiaries in the world including North America, Singapore, and Taiwan. TooNFT has all the ingredients to succeed and be the most popular blockchain-powered websitetoon service.
TooNFT’s journey will begin with 11 languages, including English, Korean and Spanish. This may appeal to some members of the community.
TooNFT will provide P2P trading services and investment opportunities to its customers in 2023. Users will be able to trade NFTized material, invest in investment opportunities and raise funds without any interference from third parties. TooNFT is expected to host many webtoon podiums and content producers in the near future.