In January 2021, Naver Corporation announced that it would be acquiring Wattpad. The platform allows users to write and publish stories, or just read stories generated by other users. Founded by Allen Lau and Ivan Yuen, the platform aims to create social communities around stories, and remove the barriers between readers and writers. Wattpad is an online social reading platform intended for users to read and write original stories. Registration is also required for unlocking Wattpad Paid Stories with Wattpad Coins (since 2018 & 2019).
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