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Farcaster’s parent company plans to return $180M to its VC backers
#MerkleManufactory , whose flagship product is #Farcaster , will return the $180M it had raised from investors. Several investors, including former Coinbase executive Balaji Srinivasan, confirmed the plan in separate posts. The move comes after Farcaster’s acquisition by #Neynar , which will assume responsibility for maintaining the protocol, operating the Farcaster client, and running Clanker.
Farcaster is a protocol that facilitates the creation and connection of social media apps. It operates on a blockchain infrastructure, promoting transparency, security, and decentralization.
👉 bloomberg.com/news/articles/2026-01-23/crypto-social-platform-to-repay-180-million-to-venture-backers
#MerkleManufactory , whose flagship product is #Farcaster , will return the $180M it had raised from investors. Several investors, including former Coinbase executive Balaji Srinivasan, confirmed the plan in separate posts. The move comes after Farcaster’s acquisition by #Neynar , which will assume responsibility for maintaining the protocol, operating the Farcaster client, and running Clanker.
Farcaster is a protocol that facilitates the creation and connection of social media apps. It operates on a blockchain infrastructure, promoting transparency, security, and decentralization.
👉 bloomberg.com/news/articles/2026-01-23/crypto-social-platform-to-repay-180-million-to-venture-backers
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