We are proud to announce that Tomo recently closed a $3.5 million seed round 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 participating investors.

Olaf Carlson-Wee, founder and CEO of Polychain Capital, shared his insights about investing in Tomo, saying “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.’

The funding will help Tomo continue our technical innovations to bridge the gap between traditional social media and the web3 ecosystem. It will also enable us to realize our mission to develop a transparent market for social capital.

Tomo’s Mission: Pave the Way for a Fair Social Capital Market

Tomo offers content creators and followers a platform in a distributed ecosystem. The platform is an efficient marketplace with blockchain-powered financial incentives to let influencers seamlessly monetize their content.

Multiple unique features help Tomo users forge genuine relations with each other and capitalize on their digital network. Tomo’s special features are Tomoji, TomoID, a web3 social wallet, Keys, a fair social media monetization model, and ERC-404-based in-app tokens.

Keys

Keys allow fans to purchase exclusive rights to access their favorite creator’s special content and direct messaging features.

The Key system facilitates new connections without requiring any third-party involvement while preventing spam requests. Influencers can use Keys to fairly monetize their network in the attention economy and foster genuine, private connections.

Key holders can access a creator’s public and private stories and engage in group chats with the creator.

Each Key transaction has a 10% royalty fee, shared between Tomo and content creators, for a sustainable creator economy.

As Carlson-Wee of Polychain Capital said, “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.”

Tomoji

Expanding its creative horizon, Tomo recently launched the ERC404 Meme Launchpad on Base chain, named Tomoji. In collaboration with Sean Kyah Koons, Tomo collaborated on the premier dragon-themed collection, ‘LONG’. 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.

Tomojis function as collectible digital assets and emojis within the Tomo app, adding an interactive layer to the user experience. Moreover, Tomojis have real-world value and users can trade them on exchanges to diversify their monetization channels.

The Tomojis introduce a new way of creating art, connecting with friends, and gifting opportunities in the digital space. Ryan Fang describes this saying, “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.”

Tomo Points

Tomo has also introduced Tomo Points, a reward system to encourage users to actively engage with the protocol’s features. Tomo points aim to appreciate the loyalty and contribution of early participants towards the development of the Tomo ecosystem.

TomoID

Tomo has launched TomoID, a multi-chain social wallet for creators and businesses. It comes with a link-in-bio tool and an integrated affiliate program for crypto commissions.

TomoID offers advanced social management and monetization opportunities by letting users navigate between multiple social media profiles and earn direct affiliate commissions.

Content creators and general users can add their TomoIDs to their social media bios. The ID has a link to purchase a user’s Tomo Key alongside all their social media profiles across platforms like Tomo, X, Instagram, and TikTok. Users can also add a link to purchase affiliate products to let followers easily explore and buy products they trust.

Moreover, when followers buy a product through a creator’s TomoID, Tomo will directly deposit the creator’s referral earnings into their wallets. The TomoID will also help companies to collaborate with creators through a streamlined affiliate management process.

We’ve partnered with SpaceID and Edgeless Network to create customized domain names for TomoID. Users can set their own domain name like “Mark.tomo” which will serve as a link-in-bio-tool and an ENS address.

Tomo’s founder, Ryan Fang, shared his excitement while talking about early investor support and elaborated on Tomo’s vision. He said, “Tomo’s mission is to pioneer a multichain web3 social wallet that unlocks unique blockchain-enabled opportunities.”

Tomo: Reimagining The SocialFi Experience

Tomo offers easy onboarding with its Android and iOS mobile apps, smooth sign-in with X, Google, or Apple accounts, and user-friendly fiat on-ramp capabilities.

Marco Monaco of Consensys, one of our investors, commented on Tomo’s approach towards SocialFi, saying, …‘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.’

We hope to maintain the trust and confidence that investors have shown us. Our team is committed to working towards a SocialFi protocol that makes the transition easier from conventional social media to a decentralized, blockchain-powered platform.