Farcaster, Blockchain-Based Social Media Startup, Raises $150M, Led by Paradigm

Farcaster, a blockchain-based social-media project, has secured $150 million in a fundraising round led by Paradigm, with participation from a16z, Haun, USV, Variant and Standard Crypto. Farcaster is built atop the Ethereum blockchain as well as OP Mainnet in the Optimism layer-2 ecosystem, according to the project's documentation. Ethereum co-founder Vitalik Buterin is signed up as a user of Farcaster's Warpcast app, and has made regular posts. Farcaster turned heads with the Jan. 26 release of a new "Frames" feature, which allows apps to run within posts, so users don't have to click off to another site.

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