Tomi's 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
Decentralized autonomous organization (DAO) tomi, which is aiming to build an alternative internet network, has raised $40 million led by digital asset market maker DWF Labs.
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"With its DAO-governed alternative network, tomi is paving the way for a censorship-free environment where users can access high-quality content without compromising their privacy," DWF Labs managing partner Andrei Grachev said.
"We believe that the team’s commitment to fair monetization and development of technologies ensuring privacy will make tomi the go-to destination for content creators and users alike."
DWF Labs' leading of this funding round continues the market maker's recent flurry of investments in Web3 projects, following a multi-million dollar purchases of the native tokens of blockchain infrastructure provider Orbs Network and derivatives protocol Synthetix.