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Farcaster Denies Shutdown Rumors, Vows Continuity Amid $180M Investor Refund

Farcaster Denies Shutdown Rumors, Vows Continuity Amid $180M Investor Refund

Author:

Global Cryptocurrency

Published:

2026-01-23 08:22:02

10

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BTCCSquare news:

Farcaster co-founder Dan Romero has quashed speculation about the decentralized social protocol's demise, confirming operations will continue uninterrupted. The platform, which boasted 250,000 monthly active users and over 100,000 funded wallets as of December 2025, is transitioning leadership to Neynar—a venture-backed startup focused on developer tools.

In a striking MOVE underscoring fiscal responsibility, Romero disclosed plans to return the full $180 million raised from investors. He emphasized the funds for his recent home purchase originated solely from Coinbase IPO proceeds, distancing personal finances from the protocol's treasury.

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