Decentralized social network Farcaster remains operational after its acquisition by Neynar and confirmed plans to return $180 million in capital to investors.
Farcaster co-founder Dan Romero moved to quell speculation about the project’s future, saying the protocol is not shutting down following its acquisition by infrastructure provider Neynar.
Farcaster is a decentralized social networking protocol that allows developers to build interoperable social apps where users own their identities, social graphs and connections onchain rather than being locked into a single platform.
In a post addressing the community, Romero said Farcaster remains operational and continues to see meaningful usage, citing its 250,000 active monthly users in December and more than 100,000 funded wallets.
