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Wunder.Social Raises $50M Ahead of Token Offer to Build Bot-Free Social Media

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EMB: April 9, 16:00 UTC

A blockchain-based startup in London said it closed a $50 million funding round to forward its goal of «reinventing social media.»

Wunder.Social raised the funds in a round led by Rollman Management, according to an announcement shared with CoinDesk on Wednesday.

The project uses blockchain technology to verify users, thereby eliminating bots, and shares advertising revenue with users, allowing them to fund causes they care about, Wunder.Social said in the announcement.

A token offer is planned for later this month, with interested potential users signing up on the company’s website.

The project also said that the former head of marketing at TikTok, Ryan Martin, joined Wunder.Social as chief marketing officer.

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

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From Startup Battlefield to the Disrupt Stage: Discord founder Jason Citron returns to TechCrunch Disrupt 2025

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From Startup Battlefield in 2013 to the Disrupt Stage in 2018: Discord founder Jason Citron returns to TechCrunch Disrupt 2025 in San Francisco on October 27-29. Register here to join.

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Amazon launches AI agent to help sellers complete tasks and manage their businesses

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The company is updating Seller Assistant, its AI tool for third-party sellers, to help handle tasks on the seller’s behalf.

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VC firm Insight Partners says thousands of staff and limited partners had personal data stolen in a ransomware attack

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The venture capital giant, behind cyber giants Wiz and Databricks, notified current and former employees, as well as the firm’s limited partners, that their data was stolen in a January cyberattack.

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