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Farcaster, a decentralized social protocol supported by Merkle Manufactory, will return $180 million raised from venture capitalists. This move raises concerns about the overall viability of funding in the crypto sector.

Merkle Manufactory-backed decentralized social protocol Farcaster has announced that it will return the $180 million it had raised from venture backers.

CryptoPolitan

Farcaster to refund $180M raised through venture backers after Neynar sale

Farcaster to refund $180M raised through venture backers after Neynar sale

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