• Sat. Jun 22nd, 2024

HTX Ventures Invests in Tomo to Support SocialFi Innovations

ByAva Smith

Apr 12, 2024

–News Direct–

In a move that underscores its commitment to broadening the reach and usability of Web3 technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Tomo. This all-in-one social wallet platform is poised to redefine the landscape of digital social interactions and content monetization.

Tomo stands at the forefront of the SocialFi movement, providing content creators and their followers a decentralized platform that merges social interaction with financial empowerment. With an ecosystem built on blockchain technology, Tomo introduces an effective marketplace for influencers to monetize content directly, thanks to its blockchain-powered financial incentives.

The platform boasts several unique features designed to deepen user connections and leverage digital networks for value creation. These include Tomoji for personalized interactions, TomoID for seamless user identification, a Web3 social wallet for secure transactions, Keys for equitable social media monetization, and more. Expanding its creative horizon, Tomo recently launched the ERC404 Meme Launchpad on Base chain, named Tomoji. In collaboration with Sean Kyah Koons, they introduced their 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.

Edward, Managing Partner at HTX Ventures, emphasized the strategic fit of Tomo within the Web3 landscape: Our investment in Tomo is driven by our belief in the transformative potential of SocialFi to redefine user engagement on social platforms. Tomo stands out by embedding financial incentives into social interactions, thus realigning the value distribution between creators and their audience. This not only introduces a vast new user base to Web3 but also pioneers a fairer and more transparent model for social media monetization.

Recently securing a $3.5 million seed funding round led by Polychain Capital, Tomo is poised to accelerate its technological advancements and bridge the existing divide between conventional social media and the burgeoning Web3 ecosystem. This capital infusion will fuel Tomos mission to cultivate a transparent marketplace for social capital, ensuring creators and users alike are rewarded for their contributions to the digital community.

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.

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About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Animoca, Shima, and IVC.

Website | X

Contact Details

Michael Wang

glo-media@htx-inc.com

Company Website

https://www.htx.com/en-us/ventures

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide.

With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca.

Contact Details

Michael Wang

glo-media@htx-inc.com

Company Website

https://www.htx.com/en-us/ventures

View source version on newsdirect.com: https://newsdirect.com/news/htx-ventures-invests-in-tomo-to-support-socialfi-innovations-284991205

HTX Ventures

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