According to BlockBeats, on June 18, Kayvon Tehranian, founder and CEO of NFT market Foundation, posted on social media that a new social network called Rodeo is being developed. He described the network design as fun, simple and very social, and is currently only available by invitation. Farcaster co-founder Dan Romero said that the upcoming new social network (Rodeo) is supported by Farcaster's permissionless and decentralized social graph.