🪙 @farcaster_xyz to repay $180M to venture backers
The team behind the decentralized social protocol plans to return the full $180 million it raised from venture investors after selling the project to Neynar.
Co-founder @dwr confirmed that Farcaster is not shutting down and the protocol will continue operating under new ownership, with Neynar shifting focus to a developer-centric direction.
📊 The network still has traction, with ~250,000 monthly active users and 100,000+ funded wallets as of December, despite past challenges.
🔗 https://theblock.co/post/386816/farcaster-repays-venture-backers…

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Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
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