First launched in 2019 in Southeast Asia, WSA has been recognized as an important event in the booming online literature sector.
China Literature (0772. HK), leading online literature and intellectual property (IP) incubation platform in China, established the Global Author Incubation Project 2022
Five top authors were invited to the project’s first session, an event that took place in 2021. During the session, they delivered lectures that examined the history and development trends of online literature from different perspectives, including looking at what types of content are trending as well as how the business model is evolving. The winners of the Webnovel Spirity Awards Spring 2021 (WSA 2021) were also announced during the session, with Elyon, XIETIAN and KazzenIX each receiving the Gold Award and a cash prize of US$10,000.
Webnovel has been and continues to be committed to helping young authors grow by providing them with various forms of assistance. Webnovel funds young authors by providing a guaranteed income of US$800 for works that meet certain criteria set by the platform. Furthermore, authors on the platform can also increase their income through subscription revenue and rewards from readers. The platform also helps unlock authors’ creative potential while broadening their vision by guiding them in creating content through the provision of exclusive editing services.
This article was shared with Prittle Prattle News as a Press Release.