Tomi Raises 40 Million in Funding Round

Recently, The startup announced that it raised $40 million in a funding round led by DWF Labs.

Tomi Raises 40 Million in Funding Round

According to the announcement made by TomiNET, other private investors such as Ticker Capital Piha Equities, Japanese crypto whale, and community leader Hirokado Kohji were among the participants in the funding round. The project’s team will use the $40 million in funding to attract top publishers and further expand the network.

The emergence of the modern Internet was intended to provide consumers with unfettered and uncensored access to information and freedom of expression in an equitable manner. However, the World Wide Web has succumbed to censorship by governments and corporations. TomiNET is a new clean slate for the internet that promotes freedom of expression and uncensored access to information.

User Experience Oriented

Promoting uncensored and fast access to information, tomiNET’s team will leverage the funds raised to facilitate the participation of renowned content creators and publishers on the network, ensuring users have secure access to high-quality content. At the same time, the team will help creators focus on content, avoiding distracting sponsorship promises and ad breaks. Thus, it develops a fairer monetization plan.

Some Opinions about TomiNet

Eugene Ng of DWF Labs said: “We are excited about the future of the project and its decentralized internet Web3 products that promote privacy and user control.” 

Hirokado Kohji said: “As an investor, my focus is not only to provide financial backing but also to foster growth and expansion in the Asian market. With this in mind, I am committed to working with Tomi to ensure its success and wider adoption in this region.”

Furthermore, according to Ticker Capital, tomiNET shows great potential in creating top-tier content and attracting publishers. 

Led by eight veterans from the crypto sector, tomiNET leverages DAO governance to support community-driven censorship of illegal activity on the internet.

SOURCE

VISIT OUR OTHER BLOGS: ALL NEWS