“Farcaster is Not Shutting Down”—Dan Romero
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Farcaster co-founder Dan Romero confirmed the platform will not shut down, addressing rumors about misusing investor funds. Merkle Manufactory plans to return $180M raised as Farcaster shifts toward a developer-focused model, emphasizing its active user base of 250,000. The project aims to enhance decentralization and developer engagement.
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- Dan Romero has said that Farcaster is not going to shut down.
- Romero debunked rumors about using investors’ funds to purchase a house.
- Merkle Manufactory plans to return $180M raised from investors following Farcaster’s transition.
Farcaster co-founder Dan Romero has dismissed rumors about the project’s potential shutdown. In his latest post on X, Romero clarified that the decentralized social protocol currently works and plans to remain that way amid recent changes in ownership and administration.
Farcaster Will Return $180 Million to Investors
Meanwhile, Romero noted that Farcaster had 250,000 monthly active users (MAU) last December, alongside over 100,000 funded wallets. He disclosed that the latest owner of the project, Neynar, is a venture-backed startup and plans to shift Farcaster toward a more developer-focused direction. Romero further stated that …
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