Farcaster Raises $150M in Series A Round Led by Paradigm for an Internet-Scale Protocol Vision

May 21, 2024•about 1 year ago

Amount Raised

$150 Million

Round Type

series a

Los AngelesSocial Media

Investors

Standard CryptoVariant FundUnion Square VenturesHaun VenturesA16z CryptoParadigm

Description

Decentralized social network Farcaster has secured $150 million in a Series A round, resulting in a $1 billion valuation. The funding was led by crypto investment firm Paradigm, with additional participation from a16z crypto, Haun Ventures, Union Square Ventures, Variant Fund, and Standard Crypto.

Company Information

Company

Farcaster

Location

Los Angeles, California, United States

About

Farcaster is a sufficiently decentralized social network. It is an open protocol that can support many clients, just like email. Users will always have the freedom to move their social identity between applications, and developers will always have the freedom to build applications with new features on the network. It is currently in private beta.

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