Tomo Raises $3.5 Million in Seed Funding Led by Polychain Capital, Announces Tomoji Launchpad and TomoID for a Revamped Social Wallet Experience

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Los Angeles, United States, April 10th, 2024, Chainwire

Innovative Web3 Social Platform Tomo Partners with Industry Leaders, Reinventing Social Media Monetization and Engagement

Tomo, an all-in-one Web3 societal app, announces the palmy closure of its Seed circular backing led by Polychain Capital. Industry leaders similar Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures and HTX Ventures were among the investors. With an accent connected integrating fiscal incentives into societal media done blockchain, Tomo introduces an evolved societal acquisition with its unsocial offerings, Tomoji - first-of-its-kind ERC-404 Launchpad connected Base, and the multifunctional societal wallet, TomoID.

The laminitis of Tomo, Ryan Fang, shares the vision, saying, "We are thrilled by the enactment from our investors, enabling america to innovate successful the SocialFi landscape. Tomo's ngo is to pioneer a multichain Web3 Social Wallet that unlocks unsocial blockchain-enabled opportunities. We strive for seamless idiosyncratic acquisition portion fostering caller ways of connecting, gifting, and creating. Our imaginativeness extends to gathering a level wherever each transportation is valued, direct, and financially rewarding."

Expanding its originative horizon, Tomo precocious launched the ERC404 Meme Launchpad connected Base chain, named Tomoji. Artist Sean Kyah Koons, successful collaboration with Tomoji introduced a premier dragon-themed postulation named 'LONG' connected Tomoji Launchpad. Tomoji allows for the fractionalization of NFTs, thereby enhancing marketplace liquidity and offering a much flexible attack to ownership. Within the Tomoji launchpad, Tomojis supply seamless minting, gifting, and trading capabilities, giving users an intuitive and interactive level to prosecute with integer art. Additionally, Tomojis are tradeable connected exchanges.

Following this, Tomo introduces a caller feature, TomoID, on with a backing milestone. TomoID is simply a societal wallet for contented creators and businesses, featuring a link-in-bio instrumentality and an affiliate programme for crypto commissions. Users tin spot their unsocial TomoID successful their societal media bios, linking to a leafage with their profiles crossed platforms similar Tomo, X, Instagram, TikTok, and more. Complementing these innovations, Tomo offers a reward strategy successful the signifier of Tomo Points, encouraging progressive engagement with Tomo’s features, serving arsenic appreciation for the loyalty and publication of aboriginal participants.

Olaf Carlson-Wee, Founder and CEO of Polychain Capital, shared his insights connected the investment, remarking, 'At Polychain, we backmost founders and projects that alteration caller behaviors. Our concern successful Tomo aligns with this doctrine arsenic we admit Tomo's relation successful introducing an immense caller idiosyncratic basal to the Web3 space. Tomo adds fiscal incentives to the feedback loops already embedded successful societal media apps, optimizing the organisation of worth created astatine the intersection of creators and fans.'

Tomo's exertion offers accessible onboarding, interactive experiences, and earning opportunities. Tomo creates a transparent marketplace for societal superior wherever users tin prosecute successful authentic and financially rewarding interactions. The level features a autochthonal mobile app for iOS and Android, Web mentation beta, relationship abstraction technology, self-custody, seamless cross-chain bridging, and user-friendly fiat onramp capabilities. Signing up is straightforward with options similar X, Apple, Google, and Galxe accounts. Tomo simplifies the instauration to the blockchain by automatically mounting up non-custodial wallets utilizing ERC-4337 exertion and operating connected unafraid Linea and Base rollups. The 'Keys' strategy successful Tomo allows users to acquisition unsocial entree to creators' contented and nonstop messaging. Transactions involving these Keys transportation a 10% royalty fee, divided evenly betwixt Tomo and the creators, contributing to a sustainable economy. Other features see nationalist stories for cardinal holders, radical chats, nonstop messages, and elemental ETH transfers. 

Marco Monaco of ConsenSys commented, ‘Tomo's SocialFi strategy is not conscionable different "bonding curve" fork. The squad focuses connected the societal facet with a wide imaginativeness and innovative Web3-native ideas. This concern is not conscionable astir the squad but besides astir a tech stack that serves arsenic a notation implementation for dApps aiming to bring millions into Web3: mobile app, relationship abstraction, transparent bridging, self-custody, fiat onramp, and practice with the Linea ecosystem. Tomo's attack marks a important advancement successful the dApps plan and demonstrates however SocialFi tin empower users and creators.'

About Tomo:

Tomo is an all-in-one Web3 societal app that transforms users' online beingness into a cosmopolitan societal wallet, fostering genuine, spam-free connections and fiscal incentives. Tomo lets users prosecute straight with creators, enactment successful backstage discussions, and research the caller procreation of integer creation with Tomoji. Active information earns users Tomo Points, enhancing your societal capital. Join Tomo, wherever your societal superior is valued.

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Milena Repa
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