According to Odaily Planet Daily, Farcaster announced last month that it had raised $150 million, led by Paradigm. With its $1 billion valuation, this is the largest investment in Web3 social media to date. The participation of cryptocurrency venture capital firms is one reason for the high valuation. Crypto investor Liron Shapira said that if venture capital still had LP capital to invest, they invested $150 million instead of returning it, which means they could charge themselves an additional $20-30 million in management fees. A source who requested anonymity due to business constraints revealed that, like most protocols, Farcaster is expected to launch tokens, and investors will be eager to capture its fully diluted value.

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