June 19, 2024
Tomi wins Best Project at TOKEN2049 for its privacy-focused alternative internet

Crypto exchange HTX Global last week awarded Tomi the Best Project award at TOKEN2049 for its surveillance-free internet. TOKEN2049 is the premier crypto event held annually in Singapore, where founders and executives from leading Web3 companies and projects share their views on the industry.

Toomey’s award win comes as power players are meeting in Washington to discuss regulating AI, with the technology’s potential to violate data privacy a key concern. Of course, big tech companies and governments don’t need AI to steal consumer data — they’ve been facing criticism for doing so for years.

The traditional Internet has made today’s world unrecognizable by democratizing access to information since the 1990s. However, since the US Patriot Act was signed in 2006, government and corporate surveillance have gradually come to define the Internet experience, as evidenced in the Edward Snowden leaks and countless other high-profile revelations. Governments and corporations around the world have also intensified their surveillance efforts since the early days of the Internet, limiting user privacy to a great extent.

For Tommy, the patchwork fixes to the Web2 landscape that have normalized corporate and government surveillance aren’t going to cut it. Tomy provides an alternative to the World Wide Web that empowers anyone to surf the Internet completely privately. The genius of Tommy’s network comes in its governance mechanisms – there are ways to control the Internet that don’t involve a top-down approach from countries or corporations. tomi employs a DAO, tomiDAO, to empower its community to vote on decisions and control the network.

Earlier this summer, Tomy announced that it had opened an auction for top-level domain names on its TDNS (Tomy Domain Name System) platform. Through the auction process, users and businesses can bid to secure a .com or .tomi address of their choice until May 2024.

Users can create domains that are later sold in a public auction to the highest bidders. Other users can acquire these domains, maximizing Tommy’s ability to acquire rare and valuable addresses on alternative Internet networks. The winning bidder has full ownership of the domain through a minted partner NFT, not a centralized registrar, and can then use a .com or .tomi domain of their choice.

Source: www.newsbtc.com

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