Blockchain-Based Webtoon Platform “TooNFT” Launches on Toomics

PRESS REELEASE. Tortola (BVI), 10 January 2022: Everyone who has been following the world of non-fungible tokens (NFTs) will have noticed that investors love investing in cartoon-themed projects. Whether you’re looking at the popular Canine-oriented Cryptos like Dogecoin and Shiba Inu, or even the well-known NFT collections such as The Bored Ape Yacht Club (TBAYC), it is clear that toons still play an important part in investing.

To that end, TooNFT, a blockchain-oriented website toon platform, has announced that it has made its debut on the Toomics ecosystem. TooNFT secured $1.75M in private financing to help build a decentralised webtoon platform.

What’s TooNFT?

TooNFT is built on the Toomics ecosystem. This is a webtoon service platform with over 50 million users. It also has more than 10,000,000 app downloads on iOS and Android. TooNFT generates a solid profit-generating business model. TooNFT can be described as a blockchain-oriented platform that aims to revolutionize comics and the webtoon industry by creating an intuitive next-generation ecosystem around NFTs.

HG Ventures was the leader of the private round of funding. This round was supported by prominent institutional investors such as Alphabit, GBIC and Prestige Fund, Mindfulness Capital, and Adaptive Labs. To introduce non-fungible tokens into the comics and webtoons industry, TooNFT platform was created on top of the Toomics ecosystem. It adhered to high standards and embraced a decentralized future.

TooNFT’s primary objective is to enhance the innovation environment by providing a system that allows writers to draw in investments via the P2P (Peer To peer) format. TooNFT does not monopolise the intermediary process. TooNFT has been able to generate significant support from early-stage investors, in the amount $1.75million in both their seed and private rounds. This allows it to begin developing its webtoon NFT infrastructure in order for the blockchain distributed ledger technology. It is also working to make meaningful improvements in the webtoon sector, including easy-investment access for many regular users without the involvement or intermediaries, as secure and reliable service with transparent data, staking opportunities, and other reinvestment options. TooNFT leverages blockchain to create the first global decentralized webtoon platform that is open for mass consumption.

Toomics

Toomics was founded in 2015 with $15 million in venture capital funding. This was to help them launch their goal of creating a platform for comics and webtoons. Toomics has now exceeded all expectations. It has 7 million monthly active users, has inked collaborations to AfreecaTV and Tencent, KEB Hansa Bank and GMarket and is considered one of the most popular webtoon platforms worldwide. Toomics has strong business traction. It makes up to $60 millions annually from the centralized sale of webtoon subscriptions.

It aims to disrupt webtoons by developing an intuitive NFT ecosystem and using a blockchain-oriented protocol. TooNFT will succeed by working with such a successful and innovative platform.