HYPERCOMIC X COINTIME TW space

Q1. Could you introduce what HYCO is and what makes the project , HYPERCOMIC unique?

Well. It would be the right order in order to introduce what HYCO, HYPERCOMIC Token is and tell you about our project’s uniqueness. First of all, let me introduce our project HYPERCOMIC, it is a creative web 3.0 content platform.

HYPERCOMIC has Original IP Launchpad & Ecosystem with leading Webtoon/Comics Companies & Drama Studios. Do you know Netflix? Worldwide base, viewers about 60% of global Netflix users are watching Korean content. Among Top 10 content (drama/ movies and reality shows all together) viewed in total at least 4~5 of them are adaptations of the Korean content. In 2021, Netflix CEO, said that "Korean content created by their storyteller was at the center of it all. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats. “.

HYPERCOMIC is a project created by a group of top 4 webtoons that create top webtoons by region around the world and a drama film producer that created global top 3 contents on Netflix. Based on these partners, HYPERCOMIC is a unique platform that allows users to start with original IP web novels and webtoons through Web 3 and make and participate in all of the next Hallyu dramas and Netflix movies and so forth.

Q2. What is the mission and vision of HYCO?

Before explaining our vision, do you know the movie "Along with the Gods 1, 2"? It's a movie based on a webtoon, and in Korea, the second movie achieved 10 million viewers faster than "Avengers: Infinity War".

Do you know how much more revenue these Korean 2 movies made in Korean theaters compared to their production costs? They made six times more revenue. “Insiders” involved in the webtoon-based movie made nine times more revenue.

Even though they only made money from theaters, if they had original IP like webtoons and web novels, how much money could they have made from webtoons, web novels, OTT, broadcasting, OST, and merchandises out of IP source?

However, in reality, webtoon companies have been monopolizing original IP like webtoons and web novels, while drama/movie IP has been monopolized by drama/movie production companies without sharing it with each other. Furthermore, viewers like us have only had the opportunity to watch, and we haven't even been given the chance to participate in the IP.

HYPERCOMIC is committed to creating value for IP through all cross-media businesses, including movies, starting from original IP, and realizing a vision that allows viewers/fandoms to participate in and share the value of IP. Therefore, our vision can be summarized in one sentence " Participate in Korea Webtoon IPs for a stake into the next K-Drama and Netflix movies. " 

We are creating HYPERCOMIC to achieve above the vision.

I’d love to say that;

The composition of HYPERCOMIC can be largely divided into two parts. The first is the role of the original IP launchpad ( we call this CLP; content launch pad) that participating in the original IP such as various webtoon or web novels as NFTs. NFTs are collected and engaged according to the HYPERCOMIC IP road map.

And the second part is the Web 3.0 webtoon platform that encourages users to enjoy IPs and pay for viewing webtoons with HYCO. We also have an Enjoy2Earn function for users to grow the platform and enjoy its rewards. 

HYPERCOMIC has created its own token, HYCO  as a result of many concerns to allow all fans around the world to enjoy and participate in IP business rights and investment opportunities, which were previously monopolized by webtoon companies and drama/film producers. It aims to help creators meet their fans directly and bring up their ideas into a business model. The platform relies on utility token HYCO to facilitate various services.

We also have Russian no.1 webtoon platform, Moykomiks.  In the near future, with HYCO, platform users read and participated in the App and the platform. Our Russian platform has gained over a hundred thousand in 3 months. We are going to release a Turkish version within this year. By the end of 2023 we conservatively expect our total download to reach app. 500K. We are currently building in our wallet and HYCO payment into this platform, so HYCO community will grow rapidly with Moykomiks in Russia and Turkey.

Q3. Can you introduce the team's background?

HYPERCOMIC’s is led by top veterans in IP/Webtoon, Web Novel, Game, Web2.0 companies such as Naver, kakao. But above its members, HYPERCOMICS’s background consists of its Mother company, MStoryHub. It is a Pre IPO company that may be the only enterprise in Korea to have webtoon web novel IP production, publishing, exporting, drama film production, OST, and merch JV with top fashion brands like MLB in Korea. 

MStoryHub and our partners that lead the webtoon industry have contracts with global top partners in all areas. We are working with global top webtoon service platform Naver and Kakao and have no.1 IPs in KR/US/JP and other respective regions, we have partnerships with all TV channels in Korea and OTT’s like Netflix etc. 

Just with MStoryHub, we create 400 web novels, 20 webtoons and 30 drama/movies a year at a quality that can become no.1 globally whether on webtoon or dramas. MStoryHub and other top Webtoon companies have agreed to provide HYPERCOMICS with 10 top level webtoon web novel IPs every year.

This is the reason why we are confident we can create the next K-drama or Netflix contents for you to participate in.

PART 3: 

Q4. How do you see the future development of WEB 3.0 Content Platform, and what kind of innovations do you expect to see?

I don't think the behavior of webtoon users will change even in blockchain. Rather than creating excellent webtoons and gathering users based on them, we first provided dapp to secure a pool of users by looking at games and advertisements through the dApp, and then to secure future paid customers. Please use it a lot when it comes out!

you can exchange HYCO with the points( we call this CUBIC) you’ve got, buy NFT, and pay for the webtoons.

As webtoon experts, we have observed users' behavior and developed a roadmap for platform development accordingly. We have found that webtoon users participate in reward programs, where they collect points by watching advertisements and playing games, to obtain points to view paid webtoons for free.

In fact, more than 70% of webtoon users participate in these reward programs.

Considering the strategy of activating the platform by creating multiple excellent webtoons, we have chosen to develop a reward program dApp first to attract and gather users. This strategy aims to activate the platform through the reward program before launching multiple webtoons.

We plan to integrate this DApp into HYPERCOMIC's own Web3 webtoon platform(CLP) to activate the platform. Through the HYCO earned through the activities of the DApp, we are currently executing a strategy to incentivize participation in our original IP launchpad.

Q5. Can you give us an overview of HYPERCOMIC?

We plan to lead a global fandom culture that transitions fandom from just who just watch to who participate in Ips fandom.

It is because essentially, IP business is a fandom business, its value is created from its fans and viewers.

Previous technologies and tools could not support this transition of creating and sharing value with the fandom community.

The value of Web 3.0 is here. We can finally create IP business with the fandom together. We can grow global IPs that start from anywhere in the world. Later on, we believe this may turn out to be not just a web 3.0 project but I love to call an ‘IP 3.0’ where all the siloed IP industries from webtoon to drama/videos are interconnected and grown and shared together with the fandom community utilizing web 3.0 technology.

Q6. Can you share more with us about how to empower the WEB 3.0 Content Platform by your project, and how it benefits holders？

Our CLP(original IP Launchpad) is empowered with 3 unique aspects.

First, it is created on an innovative model that utilizes HYCO, NFTs and its staking system so that fans can participate and grow IPs together.-> That’s what we call IP 3.0 in our project. 

Second is its proven global cross media value chain so that users can make the participation from original IPs to the next drama or movie like derivative products possible.

Third is the HYPERPASS Council. As veterans of the IP business we have carefully considered and came to a conclusion that to grow our IPs an CLP,original IP launchpad, we need a council that recognizes the potential global IPs and has the capabilities to grow it.

Also as 10 proven or high potential new IPs will be provided by Top 4 Webtoon companies yearly to HYPERCOMIC and its original IP launchpad, how to use and grow IPs is a core competency which will directly influence the success of this project. Therefore, we have decided to provide membership to HYPERPASS council initially to the Top 4 webtoon companies and GNG Production and will expand according to their capabilities in recognizing the potential global IPs and has the capabilities to grow it.

Q7. How did you come up with the idea of developing the HYCO?

HYPERCOMIC has created its own token as a result of many concerns to allow all fans around the world to enjoy and participate in IP business rights and investment opportunities, which were previously monopolized by webtoon companies and drama/film producers. This system,

It aims to help creators meet their fans directly and bring up their ideas into a business model. The platform relies on utility token HYCO to facilitate various services. 

Q8. How is the economic model of your HYCO token designed? 

HYCO token is used to purchase NFTs, receive staking rewards, keep in IP reserves and used for the next IP participation.

In essence, token is about more demand than supply. Compared to other launchpads, we already have global top IPs that are under drama and movie production, and 10 potential IPs from top 4 webtoon companies every year. What this means is that we have at least ten top level IPs to create NFTs in a year, or about once every month. Even more, every IP may start as a web novel, webtoon or other form and grow to a drama, movie and OST. So IPs will not have just one NFT drop but it can have several drops as an example to commemorate a contract with Netflix. All in All, NFTs for many IPs and for every IP will grow and therefore the demand for HYCO will grow. And this will grow as time passes.

Not only that, we already have the number one webtoon platform in Russia, soon to launch in Turkey with a conservative user base of currently 100k in 3 months to 500k by the end of 2023. Webtoon’s global revenue of app. 5 billion dollars is mostly created by paid preview of webtoons - meaning you need to pay for access to view webtoon. We are going to have HYCO exclusive preview on our MoyKomiks and a purely web3.0 webtoon platform Hypercomic is creating.

So you can see, compared to other launchpads, we have amazing access to top IPs and its cross media developments and a leading webtoon platform for continuous demand for HYCO tokens.

Q 9.What is the next step of HYCO‘s development plan?

So far, HYPERCOMIC completed 1st NFT Minting. That was all sold out. And the very next we are opening the dApp Round 5 on March 14th which is tomorrow!  Whew, time really files.

At the same time, we are doing the 2nd NFT Minting. By the way Our NFT is PFP and the name is Prince of Arkria a.k.a(P.O.A).

Content wise, HYPERCOMIC is planning to open a CLP beta version. Here, creators and fans(readers) are able to upload their works and read creator’s works as well. It will be the 2nd quarter of this year. We are looking forward to launching this CLP. As I told you earlier, HYCO will be used in MoyKomics – Russian Webtoon platform and next one will be the turkey platform. Of course all the content uploaded on HYPERCOMIC Platform will be enjoyed by HYCO. Unfortunatel

y, I can’t tell you all the details we are planning to open like game wise, content wise such as webtoon IP reveal and dramas , movies all related to HYCOMIC are in the pipeline all this year. I will keep you updated, so please tune in our SNS channels. !