Kakao Entertainment Issues NFT for Webtoon 'Solo Leveling'

Kakao Entertainment announced on the 7th that it will issue non-fungible tokens (NFTs) for the webtoon "Solo Leveling," which has recorded 14.2 billion views.

The NFTs of Solo Leveling will be sold for 12 hours starting at 9 a.m. on the 12th through "Klip Drops," a limited-edition digital artwork distribution service operated by Ground X, Kakao's blockchain subsidiary.

Solo Leveling depicts the story of a weak protagonist who becomes the world's strongest hunter. It gained popularity in North America, Japan, Greater China, Southeast Asia, and other regions, establishing the reputation of "K-Webtoon."

The NFTs being released this time consist of two works. One is the final scene of the last episode exclusively released on Kakao Webtoon. A total of 100 copies will be issued and can be purchased for 500 KLAY coins each. The other is an animated cut from episode 172. A total of 200 copies will be issued and sold for 100 KLAY coins each.

Kakao Entertainment explained that this NFT issuance is significant as another transformation of webtoon intellectual property (IP), which has evolved into various forms such as movies, dramas, and games. They plan to expand various IP businesses in the future based on this opportunity.

A Kakao Entertainment official said, "This NFT is important in that it qualitatively innovates the existing webtoon secondary creation trends such as movies, dramas, games, and animations once again," adding, "We will strive to integrate new technologies at the forefront of the industry to extend the life cycle of individual IPs and elevate the industry scale to the next level."

This content was produced with the assistance of AI translation services.