According to BlockBeats, Kayvon Tehranian, the CEO and founder of the NFT market Foundation, announced on June 18th that he is developing a new social network named Rodeo. Tehranian described the upcoming platform as fun, simple, and highly social, but it is currently only available to invited users.

In response to this announcement, Dan Romero, the co-founder of Farcaster, stated that the soon-to-be-launched social network Rodeo is supported by Farcaster's permissionless and decentralized social graph. This suggests that Rodeo will likely incorporate elements of decentralization, a key feature of many blockchain-based platforms. However, further details about the platform, including its specific features and launch date, have yet to be disclosed.