Wunder.Social Secures $50 Million for Token Initiative Aimed at Creating Bot-Free Social Media
Business/Tech

Wunder.Social Secures $50 Million for Token Initiative Aimed at Creating Bot-Free Social Media

A startup based in London has successfully raised $50 million to revolutionize the social media landscape by eliminating bots through blockchain technology.

Overview

A London-based startup, Wunder.Social, has announced the successful closure of a $50 million funding round, focusing on leveraging blockchain technology to create a bot-free social media environment. The funds will initiate a token offering aimed for later this month where potential users can join through their website.

Key Points

  • The company emphasizes using blockchain for user verification and mitigating bot interference on their platform.
  • Funding was spearheaded by Rollman Management.
  • Their approach also allows users to share in advertising revenue, empowering them to support various causes.

About the Company

Former TikTok marketing chief, Ryan Martin, has joined Wunder.Social as the Chief Marketing Officer, reinforcing their mission to transform social media through innovative technology.

Read More: Decentralized Social Media Firm Lens Eyes Massive Scale-Up

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