Statement on Protocol Operations
In response to recent rumors about Farcaster shutting down, co-founder Dan Romero publicly confirmed that the protocol is operating normally and has no plans for closure. He further emphasized the team’s commitment to providing a stable and reliable service for users moving forward.
As of last December, Farcaster reached 250,000 monthly active users, with more than 100,000 wallets funded, demonstrating its growing appeal and active user base.
Future Direction Under Neynar
The acquiring company, Neynar — a venture-backed startup — aims to shift Farcaster toward a more developer-focused ecosystem, transforming it into a community-driven, technology-first platform.
Merkle Project Fund Allocation
Regarding the $180 million raised through the Merkle project, Romero stated that the team plans to return all funds to investors. He reiterated the team's responsible and cautious financial management over the past five years.
Personal Finance Clarification
Finally, Romero addressed speculation about the source of his home purchase funds, clearly stating that the money came from gains made during the Coinbase IPO, not from Farcaster or Merkle-related financings.