PRESS RELEASE. Considering the rapid evolution associated with technological advancements and new developments related to Web3 and dApps, TooNFT has decided to launch the decentralized webtoon platform in partnership with Toomics, which happens to be one of the largest webtoon platforms in South Korea , and to gradually move into a new era of applications built using blockchain technology, aiming to bring a new level of adoption for the IPs that are smoothly incorporated through the NFT standards.
TooNFT is the decentralized webtoon application, with the overall aim of providing the entire industry with the greatest freedom and transparency. TooNFT aims to create a decentralized marketplace by proactively addressing market problems for online comics fans and developing a transparent compensation system designed to support and motivate content creators. The primary purpose of the TooNFT Dapp is to facilitate the transition from centralized platforms to decentralized ecosystems, in which content producers can earn fair returns by ‘NFTizing’ their webtoons and exchanging them in the P2P NFT marketplace.
What makes ToonNFT unique?
The key features of the TooNFT platform are deliberately aimed at addressing a market vacuum for online comic enthusiasts. The team is developing a platform that includes a content subscription service, community building elements, content selection voted by the project’s DAO system, NFT for content distribution, and profit sharing.
The content subscription service allows writers to publish content without paying a publishing fee. The goal was to give subscribers more options while increasing the accessibility of webtoon. Key performance indicators, ratings, opinions, stars, etc. are included here.
Community building involves setting up community pages to create a community within the same platform. Users can express their views and opinions on community pages and help develop fandoms. The team also plans to design incentives that can encourage users to participate in community activities through prizes that are purchased and distributed in posts and comments.
In addition, content selection through DAO governance begins with team discretion and progress is determined by voting in the DAO mechanism through decentralized governance. NFT infrastructure and a profit-sharing system will involve stakeholders who create, distribute and consume material associated with the NFT, earning a share of the revenues created.
In addition, TOON tokens are used to power all the aforementioned services on the TooNFT platform. The TOON token is the primary unit and provides access to all services and features available in the TooNFT ecosystem. As a result, TOON token holders can wager tokens and receive rewards by voting in board proceedings.w
TooNFT is the first blockchain-oriented decentralized Web3 platform, which aims to build a leading platform for webtoons, manga and comics together with Toomics. In fact, Toomics, one of the leading web show platforms with over 60 million users, 22 million MAU and up to 10 billion page views, is poised to revolutionize the industry by addressing the industry’s most pressing pain points through blockchain technology innovations and the TooNFT platform for a wider audience. Toomics also has a global presence with offices in North America, Japan, Singapore, Taiwan and the United States. The main functionalities therefore focus on facilitating direct exchanges between authors, readers and investors without an intermediary, developing a transparent reward system for investors and creators, and converting webtoons and manga works into tradable NFTs. For more information and regular updates, please visit the official website or the SNS channels Twitter and Facebook.
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