Anonymous DAO tomi raises $40M for 'surveillance-free' internet

Alternative net developer tomi has raised $40 cardinal from task superior firms arsenic portion of a broader effort to lure contented creators to its decentralized World Wide Web alternative. 

The backing circular was led by task firms DWF Labs, Ticker Capital and Piha Equities, arsenic good arsenic Japanese crypto capitalist Hirokado Kohji, tomi announced connected March 21. The backing volition beryllium utilized by tomi to pull publishers and further make its network, which is described arsenic a “surveillance-free alternative” to the internet.

The tomi task launched successful 2022 arsenic a decentralized unreality computing network. The task is led by an anonymous radical of crypto manufacture veterans who acceptable retired to make a mentation of the net governed by a decentralized autonomous organization, oregon DAO. The tomiDAO is tasked with web governance, including voting connected codification alteration proposals and reaching statement connected managing contented that violates assemblage guidelines.

Related: DAO gets ineligible designation successful the US arsenic Utah DAO Act passes

When asked however tomi helps users monetize their content, a spokesperson for the institution clarified that each monetization efforts are facilitated done the network’s autochthonal token, TOMI. “The token is utilized arsenic the superior currency for assorted activities wrong our network,” specified arsenic buying domains, paying transaction fees connected tomi’s layer-2 web and participating successful voting activities.

DAOs are blockchain-based entities with nary cardinal ownership governed by self-organizing communities. Their inferior has seemingly grown implicit the years arsenic much organizations look to instrumentality bottom-up decision-making without hierarchical management. DAOs person enjoyed constricted endorsement from governments, with the Marshall Islands moving to recognize DAOs arsenic ineligible entities successful 2022.

— Cointelegraph (@Cointelegraph) February 26, 2022

Adopting a decentralized internet could heighten integer ownership by encouraging unfastened services powered by decentralized apps alternatively than centralized applications controlled by large exertion companies. The propulsion for decentralization is presently being marshaled by Web3 companies, which person raised billions successful task capital to beforehand their mentation of Web3.

Cointelegraph asked tomi’s anonymous developers to explicate the biggest adoption drivers facing their project. “Our main situation lies successful becoming a lucrative domain for the immense magnitude of contented disposable connected the internet, arsenic good arsenic attracting users who are already comfy with the accepted net platform,” they said, adding:

“The largest situation we took upon ourselves by providing alternatives to the tech titans is the ngo to re-educate the masses that they tin person power again.”