Tomi, a startup focused on developing a community-controlled internet free from surveillance, has secured $40 million in funding. The company aims to create a decentralized internet that is owned and controlled by its users, rather than by large corporations or governments.
The need for a community-controlled internet has become increasingly apparent in recent years, as concerns about online privacy and surveillance have grown. Many people are uncomfortable with the idea of their online activity being monitored and tracked by governments or corporations, and are looking for alternatives to traditional internet services.
Tomi’s solution is to create a decentralized network that is owned and controlled by its users. This network would be built on blockchain technology, which provides a secure and transparent way to store and share information. Users would be able to connect to the network using their own devices, such as smartphones or laptops, and would be able to communicate and share information with other users without fear of surveillance or censorship.
One of the key benefits of a community-controlled internet is that it would be more resilient to attacks and disruptions. Traditional internet services are vulnerable to cyberattacks and other forms of interference, which can cause widespread outages and disruptions. By contrast, a decentralized network would be much harder to disrupt, as it would be spread out across many different devices and locations.
Another benefit of a community-controlled internet is that it would be more democratic and equitable. Traditional internet services are often controlled by large corporations or governments, which can use their power to shape the online experience for their own benefit. By contrast, a decentralized network would be owned and controlled by its users, who would have a say in how the network is run and what content is allowed.
Tomi’s $40 million funding round was led by Andreessen Horowitz, a leading venture capital firm. The company plans to use the funds to further develop its technology and expand its user base. While the idea of a community-controlled internet may still seem like a distant dream, Tomi’s funding success shows that there is growing interest in this concept, and that it may become a reality sooner than we think.
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