Tomo Raises $3.5M in Seed Funding Led by Polychain Capital, Proclaims Tomoji Launchpad and TomoID for a Reimagined Social Pockets Expertise

[PRESS RELEASE – Los Angeles, United States, April 10th, 2024]

Progressive Web3 social platform Tomo companions with business leaders and reinvents social media monetization and engagement

Tomo, an all-in-one Web3 social app, broadcasts the profitable closing of its Seed Spherical funding led by Polychain Capital. Trade leaders similar to Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures and HTX Ventures had been among the many traders. With a deal with integrating monetary incentives into social media by way of blockchain, Tomo introduces an developed social expertise with its distinctive providing, Tomoji – the primary of its type ERC-404 Launchpad on Base, and the multi-functional social pockets, TomoID.

Tomo founder Ryan Fang shares the imaginative and prescient, saying: “We’re happy to have the help of our traders, which is able to permit us to innovate within the SocialFi panorama. Tomo’s mission is to pioneer a multichain Web3 Social Pockets that unlocks distinctive blockchain capabilities. We attempt for a seamless person expertise whereas encouraging new methods to attach, reward and create. Our imaginative and prescient extends to constructing a platform the place each connection is valued, immediate and financially rewarding.”

To broaden his artistic horizons, Tomo not too long ago launched the ERC404 Meme Launchpad on the bottom chain, known as Tomoji. Artist Sean Kyah Koons, in collaboration with Tomoji, launched a premium dragon-themed assortment known as ‘LONG’ on Tomoji Launchpad. Tomoji allows the fractionalization of NFTs, rising market liquidity and offering a extra versatile strategy to possession. Inside the Tomoji launchpad, Tomojis provide seamless coin, reward and buying and selling capabilities, giving customers an intuitive and interactive platform to get began with digital artwork. Furthermore, Tomojis may be traded on exchanges.

After this, Tomo introduces a brand new characteristic, TomoID, together with a financing milestone. TomoID is a social pockets for content material creators and companies, with a link-in-bio device and a crypto fee associates program. Customers can put their distinctive TomoID of their social media bios and hyperlink to a web page with their profiles on platforms like Tomo, X, Instagram, TikTok and extra. Complementing these improvements, Tomo provides a reward system within the type of Tomo Factors, which encourage lively involvement in Tomo’s options and function appreciation for the loyalty and contribution of early contributors.

Olaf Carlson-Wee, Founder and CEO of Polychain Capital, shared his insights on the funding, noting: “At Polychain, we again founders and tasks that allow new behaviors. Our funding in Tomo aligns with this philosophy, as we acknowledge Tomo’s position in bringing an enormous new person base to the Web3 area. 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 provides accessible onboarding, interactive experiences and incomes alternatives. Tomo creates a clear social capital market the place customers can interact in genuine and financially rewarding interactions. The platform encompasses a native cellular app for iOS and Android, an internet beta, account abstraction know-how, self-management, seamless cross-chain bridging, and easy-to-use fiat onramp capabilities. Signing up is straightforward with choices together with X, Apple, Google and Galxe accounts. Tomo simplifies the introduction to the blockchain by mechanically establishing non-custodial wallets utilizing ERC-4337 know-how and dealing with safe Linea and Base rollups. The ‘Keys’ system in Tomo permits customers to buy distinctive entry to the creators’ content material and direct messages. Transactions involving these keys are charged a ten% royalty price, cut up evenly between Tomo and the creators, contributing to a sustainable financial system. Different options embrace public tales for keyholders, group chats, direct messages, and simple ETH transfers.

ConsenSys’ Marco Monaco commented: ‘Tomo’s SocialFi technique is not only a ‘bonding curve’ fork. The group focuses on the social facet with a transparent imaginative and prescient and revolutionary Web3-native concepts. This funding will not be solely concerning the group, but in addition a couple of tech stack that serves as a reference implementation for dApps with the goal of bringing tens of millions to Web3: cellular app, account abstraction, clear bridging, self-management, fiat-onramp and collaboration with the Linea ecosystem. Tomo’s strategy marks a major development in 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, selling actual, spam-free connections and monetary incentives. Tomo permits customers to attach straight with creators, take part in non-public discussions and discover the following technology of digital artwork with Tomoji. Energetic participation earns customers Tomo Factors, rising your social capital. Be a part of Tomo, the place your social capital is valued.

Web site – https://tomo.inc/

Weblog – https://medium.com/tomoinc

Paperwork – https://docs.tomo.inc/

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

Net beta – https://professional.tomo.inc/

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

Android app – https://play.google.com/retailer/apps/particulars?id=tomo.app.unyx

LONG – https://betterbelong.io/