Tomi Closes $40 Million Funding Round, $TOMI Up Over 60% in Last 24 Hours

Tomi Closes $40 Million Funding Round, $TOMI Up Over 60% in Last 24 Hours

Tomi, a decentralized autonomous organization, has closed a $40 million round of funding led by digital asset market maker DWF Labs, with participation from Ticker Capital, Piha Equities and others.

Tomi said its aim is to "kick off a clean slate for the internet," using its DAO governance model to promote freedom of speech and access to uncensored information, in contrast to the "government and corporate surveillance and censorship" of the world wide web.

One of Tomi's products, tomiNET, is a DAO-governed, surveillance-free alternative to the World Wide Web. The funding will be used to court content creators for the network.

According to TokenInsight data, the $TOMI price went up by 66.45% over the last 24 hours, trading at $2.0999 now.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Web3

Infrastructure

DAO

Fund Raising

Related News
JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report
Robinhood completes $200 million acquisition of crypto exchange Bitstamp Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token
Latest News More More
Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
14 Hours Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
3 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open