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Wattpad is a website for reading and publishing original written fiction and connecting with fellow writers and readers. Its most popular genres are romance, teen fiction, and fan fiction. As of November 2021, Wattpad has more than 90 million monthly users (the majority of whom are younger women) and there are over 665 million story uploads in total. Some of its stories have been transformed into mainstream novels and TV series and movies, such as the After and The Kissing Booth series. In January 2019, Wattpad launched its own publishing division named Wattpad Books to ease the effort for its authors. In January 2021, Naver Corporation announced that it would be acquiring Wattpad and the deal was completed in May 2021. History and founders Wattpad was developed in 2006, as the result of a collaboration between Allen Lau and Ivan Yuen. The company is based in Toronto, Ontario. Growth and funding In February 2007, Wattpad had announced the addition of over 17,000 e-books from Project Gutenberg making them available to mobile users. According to a June 2009 Wattpad press release, the application had been downloaded over 5 million times. In March 2009, an iPhone version was released. This was followed by the launch on 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 Version was released. Currently, Wattpad has more than 90 million users who collectively spend 15 billion minutes each month using Wattpad. As of 2018, there are more than 400 million fanfiction uploads on Wattpad. As of January 2018, Wattpad had received almost USD $117.8M in funding from investors. In 2011, Wattpad announced that it received $3.5M in total funding from its current investors, and from W Media Ventures, Golden Venture Partners, and Union Square Ventures. Then in June 2012, Wattpad raised $17.3M from a group of venture funds led by Khosla Ventures. In April 2014, Wattpad announced $46M in the Series C funding led by OMERS ventures. In January 2018, Wattpad announced USD $51M in funding from Tencent Holdings Limited, BDC, Globe Telecom's Kickstart Ventures, Peterson Group, Canso, and existing investor Raine. Awards In December 2011, Toronto-based Wattpad was selected as the hottest Digital Media company in the country at the Canadian Innovation Exchange. In the same year, co-founder and CEO Ivan Yuen was also recognized as a top Canadian entrepreneur at the Impact Infused Awards, sponsored by Deloitte. In the Philippines Wattpad's most followed author worldwide, Jonaxx, hailed as the "Wattpad Queen" and "Pop Fiction Queen", is from the Philippines. In March 2014, Wattpad signed a contract with Pop Fiction, an imprint of Summit Media, to print Filipino Wattpad stories in the Philippines. Other publishers from the Philippines also publish stories from Wattpad. Since then, some Wattpad stories have also been adapted into teleseryes. Filipino television network TV5, in partnership with Wattpad and Life is Beautiful Publishing Company, launched Wattpad Presents, a series of Wattpad stories turned into TV dramas. Wattpad stories aired on the show are usually those that were published by LIB Publishing. ABS-CBN also made several adaptations of Wattpad stories such as "My App Boyfie" by Noreen Capili (noringai), starring James Reid and Nadine Lustre, and the coming-of-age series Bagito starring Nash Aguas, Alexa Ilacad and Ella Cruz. Pop Fiction's best-selling book, She's Dating the Gangster, written by Bianca Bernardino (SGWannaB) as a Wattpad original, became the first Wattpad story adapted into a full-length motion picture starring Kathryn Bernardo and Daniel Padilla. The movie adaptation was produced by ABS-CBN's film production arm, Star Cinema. Liza Soberano and Enrique Gil also starred on the film Just The Way You Are, based on the Wattpad story "The Bet" by Ilurvbooks. "Chasing Red" was published by isabelleronin, a Filipino-Canadian writer which got more than 200 million views. In 2021, He's Into Her, a novel written by Maxinejiji (Maxine Lat Calibuso), will premiere on iWant TFC, starring Belle Mariano and Donny Pangilinan. GMA Network has also started making adaptations of Wattpad stories via Luv Is, a series of stories turned into dramas similar to that of TV5 but the stories are longer. Sister apps In February 2015, Wattpad launched a second standalone app called "After Dark". The app focuses specifically on the romance genre and is intended for adult readers. On February 21, 2017, Wattpad launched a chat stories app called Tap, which offers stories in the form of text messages as if reading a private conversation on someone else's phone. The app was an early success, with over 240 million taps in the first few weeks after the launch. On July 28, 2017, Tap launched "Tap Originals", a series of original stories produced by writers every week, with some of these series working on an episode-by-episode basis. Paid stories On November 13, 2018, WATTPAD introduced "Next Beta" to a few select countries for early testing. The launch of the Next Beta featured more than fifty exclusively selected stories to be paid with Watt Coins, which could be earned by having readers spend coins to unlock participating Next Beta stories. This offered writers the chance to earn money through their work and to provide support for readers. Wattpad planned a fast-follow launch for Next in Spanish-speaking regions and to expand the program. The program was available in Latin America and Spain beginning May 27, 2019, before expanding worldwide on July 11 the same year. On September 17, 2019, the Wattpad Team announced the ending of the Next Beta program after results from the program showed that "Wattpadders are ready for a program that funds writers". The program was later rebranded to "Paid Stories". June 2020 data breach In June 2020, Wattpad suffered a huge data breach that exposed almost 270 million records. The data was initially sold before being published on a public hacking forum where it was widely circulated. The incident exposed extensive personal information including names and usernames, email and IP addresses, genders, birth dates and passwords stored as bcrypt hashes. Later that same year on July 14, researchers at Risk Based Security discovered that a threat actor from an unknown source was responsible for the breach, along with the sourcing of over 278 million password credentials and email addresses, with breakdown analysis suggested that Gmail, Yahoo, and Outlook accounts were mostly affected. The Wattpad Corporation has since investigated and patched the issue. Acquisition by Naver In January 2021, Wattpad announced that it was to be acquired by Naver Corporation in a $600 million cash-and-stock deal. In an interview, Lau states "it’s also been very clear from Naver, and we agree, that we should operate as independently as possible." Wattpad will remain headquartered in Canada .... Discover the Tay Marley popular books. Find the top 100 most popular Tay Marley books.