Farcaster founder clarifies that the protocol is currently operating normally, and the funds for the house purchase come from Coinbase IPO proceeds.

MarsBitNews · 2026-01-23T00:36:48+00:00

Farcaster founder Dan Romero clarifies that Farcaster will not shut down, it is currently operating normally, and will continue to operate in the future. The acquirer Neynar will focus on developer-oriented development. The Merkle project will refund the full amount of 180 million dollars, with the funds for the purchase coming from Coinbase IPO proceeds.

MarsBitNews

2026-01-23 00:36:48

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Mars Finance reports that Farcaster founder Dan Romero stated that in response to market rumors, the following clarifications are made: 1. Farcaster has no plans to shut down. The protocol is currently operating normally and will continue to operate stably in the future. In December last year, its monthly active users reached 250,000, and the number of recharged wallets exceeded 100,000. The acquirer Neynar is a startup supported by venture capital, planning to shift Farcaster towards a more developer-focused direction. 2. Regarding the Merkle project, we plan to fully return the $180 million raised to investors. Over the past five years, we have always managed investors’ funds prudently. 3. Lastly, I would like to clarify that the funds I used to purchase property come from Coinbase’s initial public offering (IPO) proceeds.

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