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Farcaster co-founder Dan Romero addressed rumors circulating about the decentralized social protocol's future following its acquisition by Neynar, confirming the platform is not shutting down and that Merkle Manufactory plans to return the full $180 million raised to investors. What Happened: Romero

Neynar, the developer infrastructure company that has powered much of the Farcaster ecosystem since its early days, is acquiring the decentralized social protocol along with its code repositories, protocol contracts, official app and Clanker token deployment platform, according to co-founder Dan Rom

In a twist that even the most bullish Ethereum proponents might not have anticipated, Farcaster, an Ethereum-based social media platform, has raised a mesmerizing $150 million. Yes, you read that right. The audacious new contender in the social media arena is setting its sights squarely on X (former