Farcaster Raises $150M in Series A Round Led by Paradigm for an Internet-Scale Protocol Vision
05/21/24, 4:11 PM
Location
los angelesMoney raised
$150 million
Industry
social media
Round Type
series a
Investors
Standard Crypto, Variant Fund, Union Square Ventures, Haun Ventures, A16z Crypto, Paradigm
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 Info
Location
los angeles, california, united states
Additional Info
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.