SEOUL — Kakao Piccoma, the Japanese webtoon subsidiary of South Korea’s net service large Kakao, has acquired a cryptocurrency trade firm in a bid to speed up the adoption of cryptocurrency and non-fungible token programs to webtoon companies.
Webtoon, also called net cartoons, is fashionable content material loved by youngsters and younger customers. Japan has the world’s largest comedian ebook and animation market, which might stand at $36.26 billion by 2025, in keeping with Grand View Analysis, a world analysis agency. Piccoma, an internet comedian ebook retailer app operated by Kakao Piccoma, posted about 130 billion received ($106.9 million) in gross sales within the third quarter of 2021, up 247 % from a yr in the past.
A non-fungible token (NFT) is a novel hash worth that’s subordinated to a blockchain community. As a result of the digital ledger community is de facto unhackable, NFTs can be utilized as a safe authentication instrument for bodily and digital property corresponding to artworks and leisure content material.
Kakao Piccoma mentioned in a press release on April 4 that the corporate secured a majority stake in Japanese cryptocurrency trade Sakura Change BitCoin. Kakao has Floor X, a blockchain service subsidiary that operates blockchain and cryptocurrency companies for enterprises, however that is the primary time the net service large has acquired a cryptocurrency-based enterprise.
Webtoon companies usually present free on-line comics but when customers want to learn the newest episodes, they must pay digital cash of about 300 received ($0.25) per view. A cryptocurrency system may be utilized to the service’s digital coin ecosystem and an NFT system can be utilized for the authentication of possession for particular webtoon episodes.
“By means of this funding, we’ll set up a cryptocurrency and blockchain-based financial system to pioneer the net 3.0 sector,” Kakao Piccoma mentioned. Internet 3.0 is the upcoming third era of the web the place data is processed utilizing blockchain, machine studying, large knowledge and different data applied sciences.
© Aju Enterprise Day by day & www.ajunews.com Copyright: All supplies on this web site will not be reproduced, distributed, transmitted, displayed, revealed or broadcast with out the authorization from the Aju Information Company.