Tomo raised $3.5 million in seed funding led by Polychain Capital and announced Tomoji Launchpad and TomoID for an improved social wallet experience.

adminApril 10, 2024

April 10, 2024, Los Angeles, USA, Chainwire

Innovative Web3 Social Platform Tomo Partners with Industry Leaders to Reinvent Social Media Monetization and Engagement

Tomo, an all-in-one Web3 social app, announced the successful closing of its Seed round of funding led by Polychain Capital. Industry leaders such as Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures, and HTX Ventures were investors. With a focus on integrating financial incentives into social media through blockchain, Tomo introduces evolved social experiences through its unique products Tomoji (Base’s first ERC-404 Launchpad) and TomoID, a multi-functional social wallet.

Ryan Fang, founder of Tomo, shared the vision and said: “We are thrilled with the support of our investors who have helped us innovate in the SocialFi environment. Tomo’s mission is to pioneer a multichain Web3 social wallet that unlocks unique blockchain-based opportunities. We strive for a seamless user experience while fostering new ways to connect, give, and create. Our vision is to build a platform where every connection is valued, directly, and financially rewarded.”

Expanding its creative horizons, Tomo recently launched the ERC404 Meme Launchpad on its base chain named Tomoji. Artist Sean Kyah Koons has teamed up with Tomoji to bring you the ultimate dragon-themed collection titled ‘LONG’ on Tomoji Launchpad. Tomoji allows NFTs to be split, improving market liquidity and providing a more flexible approach to ownership. Within the Tomoji Launchpad, Tomojis offers seamless issuance, futures and trading capabilities, giving users an intuitive and interactive platform to engage with digital art. Additionally, Tomoji can be traded on exchanges.

Accordingly, Tomo is introducing a new feature, TomoID, along with funding milestones. TomoID is a social wallet for content creators and businesses, featuring a bio-linking tool and a cryptocurrency commission affiliate program. Users can place their unique TomoID in their social media bios to link to pages with their profile across platforms such as Tomo, X, Instagram, TikTok, and more. Complementing these innovations, Tomo offers a reward system in the form of Tomo Points to encourage active participation in Tomo features and to thank early participants for their loyalty and contributions.

Olaf Carlson-Wee, Founder and CEO of Polychain Capital, shared his insights on investing and said, ‘At Polychain, we support founders and projects that enable new behavior. Our investment in Tomo is consistent with this philosophy, recognizing Tomo’s role in bringing a massive new user base to the Web3 space. Tomo adds financial incentives to the feedback loop already built into social media apps, optimizing the distribution of value created at the intersection of creators and fans.’

Tomo’s applications provide accessible onboarding, interactive experiences, and monetization opportunities. Tomo creates a transparent marketplace for social capital where users can engage in authentic and financially rewarded interactions. The platform features native mobile apps for iOS and Android, a beta web version, account abstraction technology, self-custodial, seamless cross-chain bridging, and user-friendly fiat onramp functionality. Signing up is simple, with options like X, Apple, Google, and Galxe accounts. Tomo simplifies blockchain adoption by automatically setting up non-custodial wallets using ERC-4337 technology and operating on secure Linea and Base rollups. Tomo’s ‘Keys’ system allows users to purchase unique access to content and direct messaging from creators. Transactions involving these keys are subject to a 10% royalty fee, which is split equally between Tomo and the creator, contributing to a sustainable economy. Other features include public stories for key holders, group chat, direct messaging, simple ETH transfers, and more.

‘Tomo’s SocialFi strategy is not just another “bond curve” fork,’ says Marco Monaco of ConsenSys. The team focuses on the social aspect with a clear vision and innovative Web3-based ideas. This investment is not only about the team, but also about the technology stack (mobile app, account abstraction, transparent connectivity, self-protection, fiat onramp and collaboration with Linea) that serves as a reference implementation for dApps aiming to bring millions to Web3. It is also a thing. ecosystem. Tomo’s approach represents an important advancement in dApp design and demonstrates how SocialFi can empower users and creators.’

Introduction to Tomo:

Tomo is an all-in-one Web3 social app that turns your online presence into a universal social wallet, fostering spam-free, authentic connections and financial incentives. Tomo allows users to connect directly with creators, participate in private discussions, and explore the next generation of digital art through Tomoji. Active participation earns users Tomo Points, increasing their social capital. Join Tomo, who values your social capital.

Website – https://tomo.inc/

Blog – https://medium.com/tomoinc

Documentation – 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 app – https://play.google.com/store/apps/details?id=tomo.app.unyx

Long – https://betterbelong.io/