Farcaster Raises $150 Million! 🚀
🏰 Farcaster, a blockchain-based social
#Network , has successfully raised $150 million, led by Paradigm. This funding round saw participation from major players like Andreessen Horowitz (a16z), Haun, USV, Variant, Standard Crypto, and more.
👥 Farcaster's co-founder, Dan Romero, announced that the funds would support the platform's operations for many years. The team's upcoming focus areas include:
🔹 Growing the number of daily users
🔹 Adding developer primitives like "channels or direct messages"
✔️ Romero also mentioned that the project will continue hiring specialists to enhance the platform. Since moving to a permissionless model in October 2023,
#Farcaster has achieved 350,000 paid subscriptions and a 50-fold increase in online activity.
👀 Farcaster's popularity has surged since late January 2024, thanks to the launch of the Frames functionality, which lets developers embed interactive features directly into messages.
#pizzaday #BTC #PEPE