EMB: April 9, 16:00 UTC
A London blockchain-based startup said it closed a $ 50 million cycle of funding to pass its goal of “regulating social media.”
Wunder.Social raised funds to a round -led by Rollman Management, according to an announcement shared with CoinDesk on Wednesday.
The blockchain technology project uses to prove users, thus eliminating bots, and sharing advertising income with users, allowing them to fund the causes they care about, Wunder.Social said in the announcement.
A token offer was planned for later this month, with interested potential users signing up on the company’s website.
The project also said that the former marketing leader in Tiktok, Ryan Martin, joined Wunder.Social as Chief Marketing Officer.
Read more: Decentralized Social Media Firm Lens Eyes Large Scale-up
