This week, I had the opportunity to speak with Ace, the Japan lead for Phaver, a rapidly growing Web3 social platform. During our conversation, Ace shared insights into his journey into crypto, Phaver’s strategic focus on the Japanese market, the unique characteristics of Japanese crypto communities, and the challenges and opportunities facing blockchain projects in…
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Decentralized social media protocol Farcaster has raised $150 million in a funding round led by Paradigm with participation from venture capital fund 16z crypto, Haun, USV, Variant, Standard Crypto and more. Farcaster launched by former Coinbase alumni, Dan Romero and Varun Srinivasan, has emerged as a prominent player among several burgeoning Twitter alternatives, both on-chain…
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Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the…
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Merkle Manufactory, the company behind the decentralized social network Farcaster, is on the verge of reaching a valuation of $1 billion in its latest funding round. Leading the funding round is crypto investment firm Paradigm, known for its investments in major cryptocurrency companies like Coinbase, Blur, dYdX, Compound, and Citadel Securities, Bloomberg reported, citing sources familiar…
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Decentralized social media protocol Farcaster has emerged as a prominent player among several burgeoning Twitter alternatives, both on-chain and off-chain. However, Dan Romero, the co-founder of Farcaster, does not view his decentralized social app as a competitor to Elon Musk’s Twitter, which is now called X. “I don’t think anything is working as a Twitter…
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