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What Is The Wattpad Application
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In January 2021, Naver Corporation announced that it would acquire Wattpad; The work was completed in May 2021.
As of November 2021, Wattpad has a monthly audience of over 90 million, who can interact directly with authors and share their opinions with fellow readers.
Wattpad has stories available in more than 50 languages, and every year nearly 300,000 writers from 35 countries participate in the biggest writing competition, The Wattie Awards.
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Some of these stories have been translated into TV dramas and films; Examples include After and The Kissing Booth.
In January 2019, Wattpad launched a publishing division called Wattpad Books in an effort to take the “guesswork” out of publishing for authors.
In February 2007, Wattpad announced the addition of over 17,000 e-books from Project Gutberg, making them available to mobile users.
In March 2009, an iPhone version was released. It was followed by Blackberry App World in April 2009, Google Android in June 2009 and Apple iPad in April 2010. In December 2015, Windows Phone 8.1 and Windows 10 Mobile editions were released. Wattpad currently has over 90 million users
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In 2011, Wattpad announced that it had received a total of $3.5 million in funding from its existing investors and W Media Ventures, Gold Venture Partners and Union Square Ventures.
In January 2018, Wattpad announced US$51 million in funding from TCT Holdings Limited, BDC, Kickstart Ventures of Globe Telecom, Peterson Group, Canso and existing investor Raine.
In December 2011, Wattpad was selected by the Canadian Innovation Exchange in Toronto as the country’s most popular digital media company.
In the same year, co-founder and CEO Evan Yu was also recognized as Canada’s Best Entrepreneur at the Impact Infused Awards sponsored by Deloitte.
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The most followed Wattpad author in the world, Jonax, better known as “Wattpad Q” and “Pop Fiction Q”, is from the Philippines.
In March 2014, Wattpad signed a deal with Pop Fiction, an imprint of Summit Media, to publish Filipino Wattpad stories in the Philippines.
As of last month, some Wattpad stories have also been adapted into teleseries. Philippine television network TV5, in collaboration with Wattpad and Life Is Beautiful Publishing Company, launched Wattpad Prests, a series of Wattpad stories turned into TV dramas. Wattpad stories that air on the show are usually published by LIB Publishing.
ABS-CBN has also produced several adaptations of Wattpad stories, such as “My App Boyfie” by Nora Capili (Noringai), starring James Reid and Nadine Lustre, and the coming-of-age series starring Nash Aguas, Alex Ilacad and Ella Cruz in the starring Bagito. Main roles.
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She Dates a Gangster, the best-selling pop fiction book written as a Wattpad original by Bianca Bernardino (SGWannaB), has become the first Wattpad story to be adapted into a feature film starring Kathryn Bernardo and Daniel Padilla. The film adaptation was produced by Star Cinema, the film production division of ABS-CBN.
Based on the Wattpad story “The Bet” by IllurvBooks, Just the Way You Are also stars Liza Soberano and Rick Gill. “Chasing Red” was published by Filipino-Canadian author Isabelleronin, which has been viewed more than 200 million times.
In 2021, He’s in Love with Her, a novel by Maxinjiji (Maxine Lat Calibuso), will be released on iVant TFC, starring Belle Mariano and Donny Pangilinan.
GMA Network also started an adaptation of Wattpad stories through Love Is, a series of stories that turned into dramas similar to TV5, but the stories are longer.
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Which presents stories in the form of text messages as if reading private conversations on someone else’s phone. The app was an early success, with over 240 million touches in the first few weeks after launch.
On July 28, 2017, Tap launched ‘Tap Originals’, a series featuring original stories written by writers every week, with some series running on an episode-by-episode basis.
The Next Beta launch featured over fifty specially curated stories that can be paid for with Watt Coins, which can be earned by donating coins to unlock participating Next Beta stories from readers. This gave the authors the opportunity to earn money from their work and offer help to the readers. Wattpad plans for a rapid launch and expansion of the program for Next in Spanish-speaking regions. The program was available in Latin America and Spain from 27 May 2019, before expanding globally on 11 July of the same year.
On September 17, 2019, the Wattpad team announced the start of the Next Beta program after results from the program revealed that “Wattpaders is ready for a program that funds writers”.
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In June 2020, Wattpad suffered a massive data breach that exposed approximately 270 million records. The data was initially sold before being released on public hacking forums where it was widely distributed. The incident exposed extensive personal data, including names and usernames, email and IP addresses, locations, dates of birth and passwords stored in the form of bcrypt hashes.
Later that year, on July 14, researchers at Risk Based Security revealed that a threat from an unknown source, along with the source of more than 278 million password credentials and email addresses, was responsible for the breach, failure analysis showed. Gmail, Yahoo, and Outlook accounts are most affected.
In January 2021, Wattpad announced that it would be acquired by Naver Corporation in a $600 million cash and stock deal.
In an interview, Lau said that “it was also very clear from Naver, and we agree, that we should operate as independently as possible.”
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The stories with the most votes appear on “What’s hot list”. According to the profiles displayed on the site, many of these writers are teenagers.
The Wattpad section also includes a special stories list, which promotes content that has been reviewed and approved by the staff and editors. Many of these featured stories are written by self-published and professional writers at Diff’rent Grace. Margaret Atwood, Paulo Coelho and R.L. Famous authors like Stine have also joined Wattpad.
Wattpad also encourages authors to interact with their audience and promote their stories on social networks such as Twitter, Facebook, YouTube and Instagram.
Wattpad has grown in popularity among many fans, who use the platform to create their own fan fiction.
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One of the most notable stories on the platform is Anna Todd’s After series, originally published as Harry Styles fan fiction.
The story became the most read book on Wattpad after becoming very popular with One Direction fans and readers of the app.
The platform has received just under 10 million unique readers and has been read over a billion times.
The series would be published by Gallery Books and became a New York Times bestseller.
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By making room for fanfiction along with its other sins, Wattpad prioritizes its readers and gives the platform a twist.
Deputy General Manager Ashley Gardner said the following about Grey: “What’s unique about Wattpad is that fanfic is treated like any other Grey, living alongside other forms of fiction. Makes it easier for readers of fiction to discover new fanfic, or inspire a fanfiction . Writers start a new story and take their audience with them.”
Fanfiction is the third largest category on Wattpad after Romance and Tea Fiction, much of which is also fan fiction.
Wattpad hosts several writing contests every year, including the annual Wattie Awards, the world’s largest writing contest.
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In 2011, the Wattie Awards introduced three levels of entry (popular, emerging and undiscovered) to give each type of writer a better chance of winning. Competitions are open to anyone with a Wattpad account.
During the summer of 2012, Wattpad, in collaboration with Margaret Atwood, a Canadian poet/novelist/literary critic, organized “Wattice”: the first major poetry contest pitting poets on Wattpad against each other Provides an opportunity to compete . Categories, as either “enthusiasts” or “competitors”. It has been going on ever since and now the competition is about all kinds of books.
Wattpad has established relationships with publishers to help Wattpad authors receive compensation for their work. A new arm, Wattpad Studio, was developed to connect popular authors with the publishing and film industries.
Wattpad has partnered with publishing groups like Sourcebooks in the past to help Wattpad authors get book deals.
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