Home>Bitcoin News>Tomo Raises $3.5 Million in Seed Funding Led by Polychain Capital, Pronounces Tomoji Launchpad and TomoID for a Revamped Social Pockets Expertise
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Tomo Raises $3.5 Million in Seed Funding Led by Polychain Capital, Pronounces Tomoji Launchpad and TomoID for a Revamped Social Pockets Expertise



Los Angeles, United States, April tenth, 2024, Chainwire

Modern Web3 Social Platform Tomo Companions with Business Leaders, Reinventing Social Media Monetization and Engagement

Tomo, an all-in-one Web3 social app, broadcasts the profitable closure of its Seed spherical funding led by Polychain Capital. Business leaders like Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures and HTX Ventures have been among the many traders. With an emphasis on integrating monetary incentives into social media via blockchain, Tomo introduces an advanced social expertise with its distinctive choices, Tomoji – first-of-its-kind ERC-404 Launchpad on Base, and the multifunctional social pockets, TomoID.

The founding father of Tomo, Ryan Fang, shares the imaginative and prescient, saying, “We’re thrilled by the assist from our traders, enabling us to innovate within the SocialFi panorama. Tomo’s mission is to pioneer a multichain Web3 Social Pockets that unlocks distinctive blockchain-enabled alternatives. We attempt for seamless person expertise whereas fostering new methods of connecting, gifting, and creating. Our imaginative and prescient extends to constructing a platform the place each connection is valued, direct, and financially rewarding.”

Increasing its artistic horizon, Tomo just lately launched the ERC404 Meme Launchpad on Base chain, named Tomoji. Artist Sean Kyah Koons, in collaboration with Tomoji launched a premier dragon-themed assortment named ‘LONG’ on Tomoji Launchpad. Tomoji permits for the fractionalization of NFTs, thereby enhancing market liquidity and providing a extra versatile method to possession. Throughout the Tomoji launchpad, Tomojis present seamless minting, gifting, and buying and selling capabilities, giving customers an intuitive and interactive platform to have interaction with digital artwork. Moreover, Tomojis are tradeable on exchanges.

Following this, Tomo introduces a brand new function, TomoID, together with a funding milestone. TomoID is a social pockets for content material creators and companies, that includes a link-in-bio instrument and an associates program for crypto commissions. Customers can place their distinctive TomoID of their social media bios, linking to a web page with their profiles throughout platforms like Tomo, X, Instagram, TikTok, and extra. Complementing these improvements, Tomo gives a reward system within the type of Tomo Factors, encouraging energetic engagement with Tomo’s options, serving as appreciation for the loyalty and contribution of early contributors.

Olaf Carlson-Wee, Founder and CEO of Polychain Capital, shared his insights on the funding, remarking, ‘At Polychain, we again founders and initiatives that allow new behaviors. Our funding in Tomo aligns with this philosophy as we acknowledge Tomo’s function in introducing an immense new person base to the Web3 house. Tomo provides monetary incentives to the suggestions loops already embedded in social media apps, optimizing the distribution of worth created on the intersection of creators and followers.’

Tomo’s utility gives accessible onboarding, interactive experiences, and incomes alternatives. Tomo creates a clear market for social capital the place customers can interact in genuine and financially rewarding interactions. The platform includes a native cell app for iOS and Android, Web version beta, account abstraction expertise, self-custody, seamless cross-chain bridging, and user-friendly fiat onramp capabilities. Signing up is easy with choices like X, Apple, Google, and Galxe accounts. Tomo simplifies the introduction to the blockchain by mechanically organising non-custodial wallets utilizing ERC-4337 expertise and working on safe Linea and Base rollups. The ‘Keys’ system in Tomo permits customers to buy distinctive entry to creators’ content material and direct messaging. Transactions involving these Keys carry a ten% royalty charge, cut up evenly between Tomo and the creators, contributing to a sustainable economic system. Different options embrace public tales for key holders, group chats, direct messages, and easy ETH transfers. 

Marco Monaco of ConsenSys commented, ‘Tomo’s SocialFi technique isn’t just one other “bonding curve” fork. The workforce focuses on the social side with a transparent imaginative and prescient and progressive Web3-native concepts. This funding isn’t just in regards to the workforce but additionally a few tech stack that serves as a reference implementation for dApps aiming to convey hundreds of thousands into Web3: cell app, account abstraction, clear bridging, self-custody, fiat onramp, and cooperation with the Linea ecosystem. Tomo’s method marks a big development within the dApps design and demonstrates how SocialFi can empower customers and creators.’

About Tomo:

Tomo is an all-in-one Web3 social app that transforms customers’ on-line presence right into a common social pockets, fostering real, spam-free connections and monetary incentives. Tomo lets customers interact straight with creators, take part in personal discussions, and discover the brand new technology of digital artwork with Tomoji. Lively participation earns customers Tomo Factors, enhancing your social capital. Be a part of Tomo, the place your social capital is valued.

Website – https://tomo.inc/

Blog – https://medium.com/tomoinc

Docs – https://docs.tomo.inc/

X (formerly Twitter) – https://twitter.com/tomo_social

Web Beta – https://pro.tomo.inc/

iOS app – https://apps.apple.com/us/app/tomo-inc/id6468010287

Android apphttps://play.google.com/store/apps/details?id=tomo.app.unyx

LONG – https://betterbelong.io/


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