Webtoon is thought of as the future of comics, but their model is not one which has proven financially solvent so far as they’ve reported massive fourth quarter and year-end losses for 2024 after their company’s IPO.
Since it's more or less impossible to sign up for Arkhaven and it's backend is so hard to use that they give you a users manual, I don't see it exploding anytime soon. Tapas and the other manga places will likely take up the slack from webtoons. Substack could swoop in and start hosting comics, but seeing as the site is held together with bubblegum and wishful thinking, I doubt that will happen.
We can open up Arktoons at any time. And we will, once we have certain things in place. The backend isn't any more difficult than the Webtoons backend, but perhaps we need to either remove some features or only make them available to the more advanced creators.
How are they losing so much on "currency conversion"?
The fact that the IPO turned out to be a financial disaster is less surprising, given the lack of any clear path to profitability, despite the purported 85 million "users".
Since it's more or less impossible to sign up for Arkhaven and it's backend is so hard to use that they give you a users manual, I don't see it exploding anytime soon. Tapas and the other manga places will likely take up the slack from webtoons. Substack could swoop in and start hosting comics, but seeing as the site is held together with bubblegum and wishful thinking, I doubt that will happen.
We can open up Arktoons at any time. And we will, once we have certain things in place. The backend isn't any more difficult than the Webtoons backend, but perhaps we need to either remove some features or only make them available to the more advanced creators.
How are they losing so much on "currency conversion"?
The fact that the IPO turned out to be a financial disaster is less surprising, given the lack of any clear path to profitability, despite the purported 85 million "users".
Webtoon thinks comics are made instantly if an artist just concentrates for a moment, and punishes you for the absolute triumph of publishing daily.