PANews reported on April 10 that according to CoinDesk, the Web3 social media platform Wunder.Social announced the completion of a $50 million financing round led by Rollman Management. Wunder.Social stated in the announcement that the project uses blockchain technology to verify user identities, thereby eliminating robots, and shares advertising revenue with users, allowing users to fund the causes they care about.

The company plans to launch a token sale later this month, and potential users can register on the company’s website. The project also announced that Ryan Martin, former marketing executive at TikTok, has joined Wunder.Social as chief marketing officer.