Decentralized social protocol Farcaster completes $150 million financing, led by Paradigm

BlockBeats reported that on May 22, according to official news, the decentralized social protocol Farcaster completed a $150 million financing, led by Paradigm, with participation from a16z crypto, Haun, USV, Variant, Standard Crypto, etc. The announcement stated that this year will focus on the growth of daily active users and adding developer primitives to the protocol, such as channels and direct messaging.

BlockBeats previously reported that in March this year, people familiar with the matter revealed that Farcaster developer Merkle Manufactory was about to complete a round of financing led by Paradigm, with a valuation of approximately $1 billion.