Farcaster, a blockchain-based social protocol founded by two former Coinbase employees, announced a $150 million fundraising round led by Paradigm, with additional investment from a16z crypto, Haun Ventures, and others. Farcaster allows developers to build apps on its platform, with the most popular being Warpcast, a social network similar to Twitter. Farcaster takes a hybrid approach, storing user identities on-chain while keeping data like posts and reactions off-chain. Users pay a small fe...

Farcaster, a blockchain-based social protocol founded by two former Coinbase employees, announced a $150 million fundraising round led by Paradigm, with additional investment from a16z crypto, Haun Ventures, and others. Farcaster allows developers to build apps on its platform, with the most popular being Warpcast, a social network similar to Twitter. Farcaster takes a hybrid approach, storing user identities on-chain while keeping data like posts and reactions off-chain. Users pay a small fe...