According to ChainCatcher, Kayvon Tehranian, founder and CEO of NFT market Foundation, posted on the social platform: "A new social network called Rodeo is being developed. It is designed to be fun, simple and very social. It is currently invite-only." Farcaster co-founder Dan Romero said that the upcoming new social network (Rodeo) is supported by Farcaster's permissionless and decentralized social graph.