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Farcaster co-founder clarifies: Farcaster will not shut down, Merkle will refund $180 million in funding
Deep Tide TechFlow News, January 23 — Farcaster co-founder Dan Romero announced that the Farcaster protocol will not shut down and will continue to operate. Romero stated that in December, Farcaster had 250,000 monthly active users and over 100,000 funded wallets. The acquirer Neynar is a venture-backed startup planning to steer Farcaster towards a more developer-oriented direction.\n\nRomero also mentioned that Merkle plans to fully refund the $180 million raised from investors. Over the past five years, the team has been dedicated to properly managing investor capital. Additionally, the funds used for his previous home purchase came from Coinbase IPO proceeds.