Post #11524

Farcaster plans $180M payback to VC backers Merkle Manufactory, the firm behind Farcaster, plans to repay investors in full following the sale of the protocol to Neynar, a decentralized social media infrastructure firm backed by Haun Ventures. "Farcaster is not shutting down," said co-founder of protocol Dan Romero. "The protocol works and will continue to work." He added that Farcaster recorded about 250,000 monthly active users in December and has more than 100,000 funded wallets. Several investors publicly confirmed the repayment plan, including former Coinbase executive Balaji Srinivasan, an early Farcaster backer. 🔗theblock.co/post/386816/farcaster-repays-venture-backers Follow us to be on top of crypto: TG | Chat | X