MemeToon's Innovative Approach to Webtoon NFTs


The Advantages and Necessity of NFT Issuance


NFTs (Non-Fungible Tokens) utilize blockchain technology to transparently and securely record ownership of digital assets. This ensures the authenticity of webtoon works and facilitates direct transactions between creators and fans. The main advantages of NFT issuance are as follows:

  • Ensuring Authenticity: Blockchain technology clearly records the ownership of webtoon works, guaranteeing their authenticity.
  • Ease of Ownership Transfer: The ownership of digital assets can be transferred easily and quickly, enabling transactions from anywhere in the world.
  • Revenue Generation for Creators: Through NFT issuance, creators can establish new revenue models and receive a portion of the fees from secondary market transactions.
  • Enhancing Interaction with Fans: Fans can own a part of their favorite works, fostering greater attachment and engagement.


Specific Cases of NFT Issuance


NFT Issuance of 'Dr. Frost': The popular Korean webtoon 'Dr. Frost' issued NFTs of key characters and scenes, auctioning them off. Limited edition NFTs featuring main characters from season 4 sold for approximately 1.5 million KRW. Individual character NFTs sold for 0.02 ETH (around $77), providing fans with a new ownership experience and enhancing their attachment to the work.


Webtoon NFTs of 'Solo Leveling': 'Solo Leveling,' another popular Korean webtoon, saw significant success when Kakao Entertainment issued NFTs based on it. Sold on Kakao's NFT trading platform, Klip Drops, all issued NFTs (100 and 200 units each) sold out immediately upon release. The animated version's final issue NFT sold for 500 KLAY (around $685).


Successful NFT Transaction Cases


Auction of 'My Hero Academia' NFTs: The global hit 'My Hero Academia' issued NFTs of character illustrations and special scenes, auctioning them off. Fans showed enthusiasm in securing exclusive ownership of their favorite characters, leading to significant success. Such NFT transactions not only involve purchasing and owning but also play a crucial role in enhancing interaction between fans and creators.


NFT Trading Cards of 'Tower of God': 'Tower of God' issued trading card NFTs based on its characters, allowing fans to collect and trade these cards. Some rare cards hold significant value, providing fans with new enjoyment and investment opportunities, thereby increasing the webtoon's value.


MemeToon's NFT Development Direction


MemeToon is establishing a new business model through the issuance and trading of webtoon NFTs using blockchain technology. MemeToon has introduced its own coin system, enabling the purchase and trading of NFTs and operates an NFT auction and marketplace within the platform. This approach leads to advancements in several areas:


  • Enhancing Interaction Between Creators and Fans: MemeToon provides a platform where creators and fans can directly communicate through NFTs. Fans develop a deeper attachment by owning a part of their favorite webtoon works. Creators receive direct feedback from fans, which helps improve the quality of their work.

  • Diversifying Revenue Models: MemeToon generates additional revenue by digitizing webtoon works. Creators can earn income through various methods beyond just selling their works, with continuous revenue potential through secondary market transaction fees.

  • Activating the Platform: MemeToon promotes platform activation and user engagement through its NFT auction and trading system. By regularly hosting NFT auction events and offering special benefits to NFT owners, MemeToon encourages active participation from users.

  • Leading Technological Innovation: MemeToon actively adopts blockchain and NFT technology to lead technological innovation in the webtoon industry. This ensures a safer and more transparent transaction environment for users, enhancing the platform's competitiveness.


Through these strategies, MemeToon strengthens its position as a blockchain-based webtoon platform. By providing new value to both fans and creators, MemeToon aims to increase its competitiveness in the global market. MemeToon strives to lead the future of the webtoon industry through NFT and blockchain technology, establishing itself as an innovative platform.



Comments

Post a Comment

Popular posts from this blog

MemeToon and ClipK: A New Partnership Revolutionizing the Global Webtoon Market

Image
  Recently, a significant agreement has been forged in the webtoon platform market. Global webtoon platform MemeToon and Southeast Asian webtoon studio ClipK have joined forces to prepare for a new leap. Let’s explore the significance of this partnership and the changes it will bring to the webtoon industry. The Innovative Platform of MemeToon MemeToon is a decentralized webtoon platform based on blockchain technology, offering innovative services to both creators and subscribers. It guarantees copyright protection and barrier-free platform entry for webtoon artists, while providing affordable subscription fees and rewards for contributions to subscribers. This approach has enabled MemeToon's rapid growth in the webtoon market. Partnership with ClipK Through the recently signed agreement, MemeToon plans to accelerate its entry into the global webtoon market by receiving a diverse range of webtoon content from ClipK. ClipK, located in Ho Chi Minh City, Vietnam, is a leading Southeas
Read more

MEMETOON and GOSU's Strategic Partnership - The Future of Global Webtoon and Game Markets

Image
Today, let's talk about the strategic partnership between the global webtoon platform MEMETOON and Southeast Asia's largest game publisher, GOSU Online. This partnership is expected to create significant synergies between the two companies, so let's take a closer look at what to expect. (From left: Kim Deok-bo, Co-CEO of MimMim Entertainment, Park Sung-gwan, Chairman of the MEMETOON Foundation, Tran Trong Kien, CEO of GOSU,  Kim Bu-hyeon, Co-CEO, and Nguyen Ho Min-duk, Ho Chi Minh Branch Manager) Recently, MEMETOON signed a strategic business agreement with GOSU Online in Ho Chi Minh City, Vietnam. Through this partnership, the two companies plan to transform online game stories into webtoons and develop new online games based on popular webtoons. They also aim to jointly develop and launch a variety of game and webtoon merchandise. GOSU Online is a global network company with offices in Seoul, Tokyo, Hong Kong, Taipei, Singapore, Manila, Phnom Penh, and Dubai. With over 41
Read more

MEME TOON Project Overview

Image
Hello everyone,   We are excited to introduce the MEME TOON project, which will be operated through three main chapters. Today, we will delve into the first stage, Chapter 1, which covers how the memetoon project will be managed alongside the app and its overall ecosystem.   Projects without a well-structured ecosystem often fail. Examples include oversupplying tokens, which leads to ecosystem collapse and plummeting prices, or delays in rewards despite legitimate activities, leading to user dissatisfaction and ghost platforms.   Conversely, MEME TOON’s virtuous ecosystem supports authors both economically and within the platform, ensuring subscribers can access high-quality webtoon services. Let's explore Chapter 1: Block Chain Token & Staking UI/UX. Chapter 1: Block Chain Token & Staking UI/UX   1. Tokens and MT (Points) To use MEME TOON tokens (MEME), they must be exchanged for MT, a dedicated point system. Services can be accessed using MT, with a standard minimum excha
Read more