PANews reported on April 11 that according to The Block, Web3 social application Tomo completed a $3.5 million seed round of financing, led by Polychain Capital, with participation from Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures and HTX Ventures. At the same time, the platform also launched a new TomoID wallet feature and plans to transform its points reward system. Similar to other SocialFi applications such as FriendTech, Tomo uses a "Keys" system that allows users to pay to access creator content and private messages, and Tomo and content creators share an average of 10% of royalties. According to DeFiLlama data, Tomo currently has a total locked value of nearly $1 million, ranking fourth among SocialFi applications.