In the world of SocialFi, Tomo, an influential figure, has successfully raised $3.5 million in a funding round with Polychain Capital spearheading the investment. Renowned investors such as Consensys, Symbolic Capital, and OKX Ventures also joined this round. This substantial injection of funds marks a major milestone for Tomo as it continues its journey towards creating a revolutionary multichain Wallet in the Web3 Social sphere.
With Tomo, users can gain access to creators’ content and private messaging through a Keys system. Community rules are enforced during content moderation, while transactions appear in USD but are processed using ethereum. Tomo collects a 10% commission on these transactions, thereby benefiting both the platform and the content producers.
The app, suitable for both iOS and Android users, is designed to simplify the use of blockchain technology for social media enthusiasts. It effortlessly syncs up with widely used accounts such as Gmail and Instagram for a more enjoyable experience. Through TomoID, the platform presents a social wallet particularly tailored for content producers and businesses. This wallet comes packed with affiliate programs and link-in-bio functionalities.
Tomo intends to improve its reward system, making it more appealing for users to be active. Furthermore, this platform allows users to generate and swap ERC-404 tokens, named Tomojis. These unique digital assets offer partial ownership and function as valuable collectibles.
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2024-04-11 01:56