Wunder.Social, a blockchain-based startup, raises $50M to revolutionize social media with a bot-free platform and new revenue model.
Building a Bot-Free Social Media Revolution with Wunder.Social
Wunder.Social, a blockchain-based startup in London, has raised $50 million to revolutionize the social media landscape by eliminating bots and giving users more control over their online experience.
Wunder.Social is a decentralized social media platform that aims to provide users with control over their data and online presence.
It allows users to create profiles, share content, and connect with others without the need for intermediaries like centralized platforms.
Wunder.Social uses 'blockchain technology' to secure user data and ensure transparency in all interactions.
The platform also offers features such as end-to-end encryption and decentralized storage, making it an attractive option for those concerned about online privacy.
The Problem of Bots on Social Media
Social media platforms have long struggled with the issue of ‘bots, which can spread misinformation, manipulate public opinion, and disrupt the user experience.’ Traditional verification methods often rely on manual checks, which can be time-consuming and prone to errors.
Social media bots are software programs designed to automate and interact with social media platforms.
They can perform tasks such as posting updates, responding to comments, and engaging with other users.
According to a study, over 15% of Twitter accounts are bots.
Social media bots are often used for marketing, customer service, and data collection purposes.
However, they can also be used for malicious activities like spreading fake news or propaganda.
How Wunder.Social Solves the Problem
Wunder.Social uses blockchain technology to verify users, making it virtually impossible for bots to infiltrate the platform. This innovative approach ensures that only genuine users can participate in online discussions, fostering a more authentic and engaging community.
Blockchain is a decentralized, digital ledger that records transactions across a network of computers.
It uses cryptography to secure and verify data, making it immutable and tamper-proof.
This technology allows for peer-to-peer transactions without the need for intermediaries, reducing costs and increasing efficiency.
With its transparent and secure nature, blockchain has gained significant attention in various industries, including finance, supply chain management, and voting systems.
A New Revenue Model: Sharing Ad Revenue with Users
In addition to its bot-fighting capabilities, Wunder.Social has developed a new revenue model that shares advertising revenue with users. This means that users can earn money by promoting causes they care about, creating a more equitable distribution of ad revenue.
The Role of Ryan Martin in Wunder.Social’s Success
Ryan Martin, the former head of marketing at TikTok, has joined Wunder.Social as its chief marketing officer. His expertise will be crucial in promoting the platform and attracting users who value transparency and authenticity.
Token Offer: A New Way for Users to Engage with Wunder.Social
Later this month, Wunder.Social plans to launch a token offer that will allow interested users to sign up on the company’s website. This move is expected to generate significant excitement among potential users who are eager to be part of a more transparent and bot-free social media experience.
A New Era for Social Media?
Wunder.Social’s $50 million funding round marks an important milestone in its mission to reinvent social media. With blockchain technology, a new revenue model, and a seasoned marketing expert on board, the company is poised to make a significant impact on the social media landscape.
