Wunder.Social Raises $50M to Launch Bot-Free Social Media Platform Ahead of Token Offering

Key Points:

• A blockchain startup in London, Wunder.Social, raised $50 million to help reinvent social media.

• The company plans to kick off its initiative with a token offering later this month.

• Ryan Martin, former TikTok head of marketing, has joined Wunder.Social as its new Chief Marketing Officer.

A London-based blockchain startup announced it has secured $50 million in funding to advance its mission of "reinventing social media."

Wunder.Social secured $50 million in funding in a round led by Rollman Management, according to an announcement shared on Wednesday.

The platform utilizes blockchain technology to verify users and eliminate bots, while also sharing advertising revenue with users, enabling them to support causes they care about.

A token offering is scheduled for later this month, with potential users encouraged to sign up on the company’s website.

Additionally, Ryan Martin, the former head of marketing at TikTok, has joined Wunder.Social as its new chief marketing officer.