As a Farcaster investor, can confirm: money is coming back to investors.
Dan and the team built something genuinely amazing, perhaps the best decentralized social protocol. He's independently wealthy from Coinbase, and could have done whatever he wanted, but he decided to spend many years grinding on Internet freedom and decentralization.
For that I salute him.

Given some rumors, wanted to post a few clarifications:
Farcaster is not shutting down. The protocol works and will continue to work. There were 250,000 MAU in December and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup and plans to shift

Dan Romero

Twitter

Ho Chi Minh City is officially entering a new phase in its digital finance development strategy as the Ho Chi Minh City Digital Asset Investment Fund is launched with the ambition to reach a scale of 1 billion USD in subsequent phases...

Ho Chi Minh City launches a $1 billion Digital Asset Fund, aiming to become a "financial hub" for investors.

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...

The day CZ missed his best investment, Crypto missed out on AI.

BitMEX co-founder Arthur Hayes publicly spoke to Multicoin Capital on the X platform [...]
The article, "Arthur Hayes Bets on Multicoin Founder: HYPE Will Outperform All Altcoin in Six Months with a $100,000 BET," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes challenges Multicoin founder: He bets 100,000 magnesium that HYPE will outperform all Altcoin within six months.

Also, protocols sometimes take a bit longer to cook than the lifespan of companies. The handover to Neynar (one of the first Farcaster indexers) may help make Farcaster a truly decentralized social protocol.
The tech is real, and it works. It just needs a killer app. Still worth iterating on, with people who'll run the next leg of the relay race. My congratulations to Dan, Varun, and the team for running that first critical leg so well for 5+ years.
See also:

Decentralized social is cool, but when does it stop being a niche experiment and start eating Web2?