tomi, an anonymous project led by eight prominent names in the crypto industry, has secured $40 million in funding for its alternative internet network. The funding round was led by DWF Labs, with participation from Ticker Capital, Piha Equities, Japanese crypto whale and community leader Hirokado Kohji, and other private investors.

The project aims to create an internet network that promotes freedom of speech and access to uncensored information while protecting user privacy.

tomi will leverage the funds to onboard big-name content creators and publishers to the network, ensuring users have access to high-quality content. The team is also developing a fairer monetization plan that will allow creators to focus on the content itself without distractions from sponsorship mentions and ad breaks. Additionally, the funds will be used to develop technologies that ensure the privacy of tomiPAY users and tomiDAO members.

The community-led tomiDAO will govern the alternative network and vote on proposals ranging from code alterations to censoring content that doesn’t meet the network’s community guidelines. Categories like terror, child pornography, and other forms of violence are among those to be voted down by the DAO.

The project’s investors expressed excitement and support for the innovative approach to internet governance. With the potential to disrupt existing industries, tomiNET aims to attract top-tier content creators and publishers.

The project is led by an anonymous group of eight senior crypto veterans and offers a surveillance-free alternative to the World Wide Web. DWF Labs, the global digital asset market maker and multi-stage Web3 investment firm, supported portfolio companies from token listing to market making to OTC trading solutions.

tomi’s alternative internet network has the potential to create a fairer and more secure internet for everyone. With the support of its investors, the project aims to pave the way for a censorship-free environment where users can access high-quality content without compromising their privacy.

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This article was republished from azcoinnews.com