On December 11, 2018, CFUNWORLD was licensed by the U.S. Securities and Exchange Commission (SEC) and initiated private placements in accordance with Regulation D, Rule 506(c) issued by the U.S. Securities and Exchange Commission (SEC). It is the world’s first approved Nijigen blockchain project by SEC.
CFUNWORLD is a social platform which combines blockchain technology with Nijigen creative content. The platform is committed to building a global Nijigen mass entertainment content market, as such it operates worldwide, mainly sourcing content from Japan, South Korea and the United States, with China and Asia as its leading consumer market. At present, CFun’s core business is to create IP for original comics and Nijigen images of celebrities. More than two hundred comic creator have joined the CFun platform so far, and more than 20 celebrities have confirmed cooperation with CFUNWORLD who have a total fan base of over 60 million people.
The CFun platform uses blockchain technology to ensure the non-tampering of uploaded works and that the legitimate rights and interests of comic creator are guaranteed. By using smart contracts and the platform’s unique ecosystem, CFun platform helps comic creator, translators and readers become co-creators of IP to earn a respectable income. In addition, CFun platform records each user’s views, comments and likes on the blockchain, ensuring the authenticity, anonymity and non-tampering of all data. Tokens are used to reward user behavior and to create a thriving content ecosystem.
The U.S. Securities and Exchange Commission (SEC) was established under the Securities and Exchange Act in 1934. It is an independent quasi-judicial body directly under the American federal government. It is responsible for the supervision and administration of securities and is the highest institution in the US securities industry.
CFUNWORLD provides an open platform for global comic creators, translators and readers. It utilizes blockchain technology to verify the right of works whilst using smart contracts and the platform’s unique ecosystem to help its various stakeholders earn respectable incomes. At present, CFun mainly sources its creative content from Japan, South Korea and the United States, with China and Asia as its leading consumer market. This is the platform’s first step to building a global Nijigen mass entertainment content market.