eicker.news ᳇ tech newsJan 24
#MerkleManufactory, the company behind the decentralised social protocol #Farcaster, will repay its $180 million in venture capital. The protocol will be sold to #Neynar, an infrastructure firm, which will shift Farcaster in a more developer-focused direction. https://decrypt.co/355668/farcaster-to-repay-180m-to-investors-amid-pivot-to-developer-focused-direction?eicker.news #tech #media #news
Farcaster to Repay $180M to Investors Amid Pivot to 'Developer-Focused Direction'

“Farcaster is not shutting down,” Merkle co-founder Dan Romero said, as the project transitions under new ownership.

Decrypt
CoinpaperJan 23
📣 NEW: #Farcaster co-founder Dan Romero said the decentralized social protocol is not shutting down following its acquisition by #Neynar.
Sinclair TaJan 22

Neynar Acquires Farcaster: Haun-Backed Wallet Pivot Shocks Crypto Social

https://buff.ly/wqSaR7S

I find this acquisition fascinating—Farcaster's founders ditched their social network ambitions to double down on wallets, handing the keys to Haun-backed Neynar in a move that consolidates power in crypto infrastructure.

#Farcaster #Neynar #CryptoWallet #KatieHaun #Web3Social #RWA