TechFlow News — Web3 social protocol Tomo has raised $3.5 million in a seed funding round led by Polychain Capital, with participation from Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures, and HTX Ventures.
Tomo is a SocialFi application that uses a "Keys" system enabling users to purchase access to creators’ content and direct messages, with content moderation governed by community guidelines. Key transactions are displayed in USD but settled in Ether, with a 10% royalty split evenly between Tomo and the content creator.
Tomo allows users to create and trade ERC-404 tokens called "Tomojis," which offer fractional ownership compared to traditional NFTs. Tomojis function as collectible digital assets and usable emojis within the app, and can also be traded on exchanges.
