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

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
social
app,
announces
the
successful
closure
of
its
Seed
round
funding
led
by
Polychain
Capital.
Industry
leaders
like
Consensys,
Symbolic
Capital,
OKX
Ventures,
Nomad
Capital,
Story
Protocol,
dao5,
KuCoin
Ventures
and
HTX
Ventures
were
among
the
investors.
With
an
emphasis
on
integrating
financial
incentives
into
social
media
through
blockchain,
Tomo
introduces
an
evolved
social
experience
with
its
unique
offerings,
Tomoji
–
first-of-its-kind
ERC-404
Launchpad
on
Base,
and
the
multifunctional
social
wallet,
TomoID.

The
founder
of

Tomo,
Ryan
Fang,
shares
the
vision,
saying,
“We
are
thrilled
by
the
support
from
our
investors,
enabling
us
to
innovate
in
the
SocialFi
landscape.
Tomo’s
mission
is
to
pioneer
a
multichain
Web3
Social
Wallet
that
unlocks
unique
blockchain-enabled
opportunities.
We
strive
for
seamless
user
experience
while
fostering
new
ways
of
connecting,
gifting,
and
creating.
Our
vision
extends
to
building
a
platform
where
every
connection
is
valued,
direct,
and
financially
rewarding.”

Expanding
its
creative
horizon,
Tomo
recently
launched
the
ERC404
Meme
Launchpad
on
Base
chain,
named
Tomoji.
Artist
Sean
Kyah
Koons,
in
collaboration
with
Tomoji
introduced
a
premier
dragon-themed
collection
named

‘LONG’
on
Tomoji
Launchpad.
Tomoji
allows
for
the
fractionalization
of
NFTs,
thereby
enhancing
market
liquidity
and
offering
a
more
flexible
approach
to
ownership.
Within
the
Tomoji
launchpad,
Tomojis
provide
seamless
minting,
gifting,
and
trading
capabilities,
giving
users
an
intuitive
and
interactive
platform
to
engage
with
digital
art.
Additionally,
Tomojis
are
tradeable
on
exchanges.

Following
this,
Tomo
introduces
a
new
feature,
TomoID,
along
with
a
funding
milestone.
TomoID
is
a
social
wallet
for
content
creators
and
businesses,
featuring
a
link-in-bio
tool
and
an
affiliate
program
for
crypto
commissions.
Users
can
place
their
unique
TomoID
in
their
social
media
bios,
linking
to
a
page
with
their
profiles
across
platforms
like
Tomo,
X,
Instagram,
TikTok,
and
more.
Complementing
these
innovations,
Tomo
offers
a
reward
system
in
the
form
of
Tomo
Points,
encouraging
active
engagement
with
Tomo’s
features,
serving
as
appreciation
for
the
loyalty
and
contribution
of
early
participants.

Olaf
Carlson-Wee,
Founder
and
CEO
of
Polychain
Capital,
shared
his
insights
on
the
investment,
remarking,
‘At
Polychain,
we
back
founders
and
projects
that
enable
new
behaviors.
Our
investment
in
Tomo
aligns
with
this
philosophy
as
we
recognize
Tomo’s
role
in
introducing
an
immense
new
user
base
to
the
Web3
space.
Tomo
adds
financial
incentives
to
the
feedback
loops
already
embedded
in
social
media
apps,
optimizing
the
distribution
of
value
created
at
the
intersection
of
creators
and
fans.’

Tomo’s
application
offers
accessible
onboarding,
interactive
experiences,
and
earning
opportunities.
Tomo
creates
a
transparent
marketplace
for
social
capital
where
users
can
engage
in
authentic
and
financially
rewarding
interactions.
The
platform
features
a
native
mobile
app
for

iOS
and

Android,

Web
version
beta,
account
abstraction
technology,
self-custody,
seamless
cross-chain
bridging,
and
user-friendly
fiat
onramp
capabilities.
Signing
up
is
straightforward
with
options
like
X,
Apple,
Google,
and
Galxe
accounts.
Tomo
simplifies
the
introduction
to
the
blockchain
by
automatically
setting
up
non-custodial
wallets
using
ERC-4337
technology
and
operating
on
secure
Linea
and
Base
rollups.
The
‘Keys’
system
in
Tomo
allows
users
to
purchase
unique
access
to
creators’
content
and
direct
messaging.
Transactions
involving
these
Keys
carry
a
10%
royalty
fee,
split
evenly
between
Tomo
and
the
creators,
contributing
to
a
sustainable
economy.
Other
features
include
public
stories
for
key
holders,
group
chats,
direct
messages,
and
simple
ETH
transfers. 

Marco
Monaco
of
ConsenSys
commented,
‘Tomo’s
SocialFi
strategy
is
not
just
another
“bonding
curve”
fork.
The
team
focuses
on
the
social
aspect
with
a
clear
vision
and
innovative
Web3-native
ideas.
This
investment
is
not
just
about
the
team
but
also
about
a
tech
stack
that
serves
as
a
reference
implementation
for
dApps
aiming
to
bring
millions
into
Web3:
mobile
app,
account
abstraction,
transparent
bridging,
self-custody,
fiat
onramp,
and
cooperation
with
the
Linea
ecosystem.
Tomo’s
approach
marks
a
significant
advancement
in
the
dApps
design
and
demonstrates
how
SocialFi
can
empower
users
and
creators.’

About
Tomo:

Tomo
is
an
all-in-one
Web3
social
app
that
transforms
users’
online
presence
into
a
universal
social
wallet,
fostering
genuine,
spam-free
connections
and
financial
incentives.
Tomo
lets
users
engage
directly
with
creators,
participate
in
private
discussions,
and
explore
the
new
generation
of
digital
art
with
Tomoji.
Active
participation
earns
users
Tomo
Points,
enhancing
your
social
capital.
Join
Tomo,
where
your
social
capital
is
valued.

Website
–
https://tomo.inc/

Blog
–
https://medium.com/tomoinc

Docs
–
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/

Contact

PR
Manager
Milena
Repa
Tomo
[email protected]