❎ Farcaster was sold to NEYNAR.
⚫ Decentralized social media infrastructure company #NEYNER bought the #Farcaster project.!
⚫ In 2024, Farcaster had raised $150 million from VCs such as Paradigm, a16z crypto, Haun Ventures, USV, Variant, Standard Crypto, and...!
⚫ Dan Romero, founder of Farcaster and one of the developers of the #Warpcast client, said: “In the next few weeks, we will transfer ownership of the smart contracts and code repositories and the #Farcaster and #Clanker applications to NEYNAR.”
⚫ Some time ago, the Farcaster team announced that they would focus all their efforts on developing their own wallet and move away from the warocast for which they were known.!
⚫ Dan Romero said that this social application had not been able to achieve sustainable growth during the 4.5 years of Farcaster’s operation.