CoinVoice recently learned that the decentralized social protocol Farcaster has completed a $150 million Series A financing, with a valuation of $1 billion, led by Paradigm, and participated by a16z crypto, Haun, USV, Variant, Standard Crypto, etc. The project said that sufficient funds enable Farscater to continue to iterate developer primitives such as channels and direct message delivery, while continuing to focus on growth and retaining daily active users of the protocol.

According to the Dune Analytics dashboard created by Pixelhack, Farcaster had nearly 45,000 daily active users in the seven days to May 20, a 30% increase since the height of the Frames craze on February 11. [Original link]