Dan Romero

Farcaster update

Since going permissionless last October, Farcaster has seen 350,000 paid sign-ups and a 50x increase in network activity. There are hundreds of developers building on the protocol and a growing number of apps and frames for people to use.

Today, we’re announcing a new $150M fundraise led by Paradigm with participation from a16z crypto, Haun, USV, Variant, Standard Crypto and others. This will support our work on Farcaster for many years to come.

We’re focused on two things for the rest of the year:

  1. Growing daily active users
  2. Adding developer primitives to the protocol like channels and direct messaging

We’re also hiring staff-level engineers.

Sign up for Farcaster: farcaster.xyz