Farcaster Media Protocol Receives Unicorn Status
March 31, 2024
Thanks to a financing round led by Paradigm cryptocurrency venture capital, Merkle Manufactory, the operator of the Farcaster web3 social media protocol and its Warpcast client, has achieved unicorn status with a valuation exceeding $1 billion. Farcaster, running on Ethereum and OP Mainnet, as well as its off-chain system consisting of peer-to-peer servers called Farcaster Hubs, already boasts tens of thousands of users, with Vitalik Buterin himself endorsing it, suggesting it surpasses X in many aspects.
