Crypto Company Reinvents the Internet

Web3 helps individuals own and operate their personal Internet. Instead of corporations, people currently have decentralized autonomous organizations that work between creators and consumers, which are defined by rules and assets that belong to them rather than corporations. It breaks the shackles of first-party data, but time will tell if this is the start of a truly data-driven business. Nevertheless, Web3 has accelerated the rise of influencer/creator-led economies due to the challenges of Web2.

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Web3 has led to an increase in distributed and decentralized applications (Dapps) where there will be no single point of failure or central authority. The apps are transparent, have a higher level of encryption, better crawling techniques to secure, and are completely trustless. Web3 is still progressing. Most Dapps are working on on-chain and off-chain concepts to meet the potential, and transaction throughput is ongoing. Additionally, asset ownership is still not completely on the blockchain.

tomi is a decentralized cloud services company/project that develops disruptive Web3-based technology and brings new technological solutions that will be the basis of a decentralized Internet. The concept of decentralized Internet is a profitable operation that many companies have failed to develop. tomi introduces a completely new approach based on hardware solutions, software development and an elaborate system of incentives.

Tomi’s system encompasses some innovative uses of existing technology, for example, they have developed a concept of active NFT (aNFT). They use NFT technology used primarily for registration of ownership of works of art and allow their NFT owners to generate revenue from their NFT, making their NFT active as it works for its owner. Moreover, their server computer acts as an asset to its owner while generating regular income.

When asked how the company eclipses its competitors, the CEO said: “We are also special because unlike other tech/crypto/Web3 projects, our business model is based on physical assets – servers of data capable of delivering cloud services and mining crypto, we are not an all-digital project, but also have a strong physical aspect to our business.”

Even though the project was created about six months ago, Tomi has already made significant achievements, including initial sales of over $1 million during their pre-sale, development of a working prototype model of the first generation of their server computer, the MP-1, and the opening of offices in Tel Aviv and New York. The Tomi team has signed a memorandum of understanding with a renowned public company, Hyper Global, to develop their server computers for the next generation. Tomi’s team has had progressive discussions with notable exchanges (the global top 10) on listing their token for trading or receiving investment. They built a beta multi-chain digital wallet and performed test transactions on it.

Like any other start-up, Tomi’s team has faced challenges. “I think our main challenge is to build an ecosystem that will incentivize all involved participants and create a truly decentralized project. This means that at some point the project will be out of our control and become controlled by the public,” said said the CEO of Tomi. . Nonetheless, he encourages us to think big and never be afraid of innovative ideas or trying to topple giant tech companies.

The decentralized cloud services project aspires to become a global name in the future. Tomi’s team also hopes the public and developers will embrace their technology and develop apps.

Note: Investing in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.