An overlooked web3 altcoin hit an all-time high this week amid a new $40 million funding round.
While Tomi (TOMI) was trading at around $1.20 a week ago, it managed to climb to an all-time high of $5,0228 the other day. This shows that the altcoin price has increased by over 318%.
The 234th-ranked altcoin by market cap has pulled back a bit after this rise and is trading at $3.10 at press time. Still, it is possible to say that Tomi has retained most of his gains.
Koinfinans.com As we reported, Tomi’s goal is to “turn a clean slate for the internet” by using the DAO governance model to promote freedom of speech and access to uncensored information.
According to a press release from the company, the project has raised $40 million in a new funding round led by digital asset market maker DWF Labs. The funding round was led by venture firms DWF Labs, Ticker Capital and Piha Equities, as well as Japanese crypto investor Hirokado Kohji, announced on March 21 by the anonymous team behind the project.
Kohji made the following statement on the subject:
“As an investor, I focus not only on providing financial support, but also on promoting growth and expansion in the Asian market. With that in mind, I am determined to work with Tomi to ensure its success and wider adoption in this region.”
You can check the price movements here.