Tomo, a player in the SocialFi realm, has concluded a $3.5 million funding round led by Polychain Capital. Notable participants in the round include Consensys, Symbolic Capital, OKX Ventures, and others. This funding boost signifies a significant stride for Tomo in advancing its mission to pioneer a multichain Web3 Social Wallet.
Tomo utilizes a Keys system, enabling users to purchase access to creators’ content and direct messaging. Content moderation adheres to community guidelines, with transactions displayed in USD but executed in ether. Tomo takes a 10% royalty fee, fostering a symbiotic relationship between the platform and content creators.
The app, compatible with iOS and Android, aims to make using blockchain technology easier for social media users. It seamlessly connects with popular accounts like Gmail and Instagram for a smoother experience. With TomoID, the platform introduces a social wallet catering to content creators and businesses, equipped with affiliate programs and link-in-bio tools.
Additionally, Tomo plans to enhance its points system, incentivizing user engagement. Notably, the platform enables the creation and trading of ERC-404 tokens, dubbed Tomojis, offering fractional ownership and serving as collectible digital assets.
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