Vitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, ov
Vitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatlyVitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatlyVitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatlyVitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatlyVitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatlySkip to content
AZC.News
en EN
BTC Coin BTC
-1.08%
ETH Coin ETH
-2.16%
USDT Coin USDT
0.06%
SOL Coin SOL
0.44%
BNB Coin BNB
-3.54%
XRP Coin XRP
-2.45%
USDC Coin USDC
0.03%
DOGE Coin DOGE
-1.04%
ADA Coin ADA
-3.81%
AVAX Coin AVAX
-3.78%
BTC Coin BTC
-1.08%
ETH Coin ETH
-2.16%
USDT Coin USDT
0.06%
SOL Coin SOL
0.44%
BNB Coin BNB
-3.54%
XRP Coin XRP
-2.45%
USDC Coin USDC
0.03%
DOGE Coin DOGE
-1.04%
ADA Coin ADA
-3.81%
AVAX Coin AVAX
-3.78%
Search...
Home > News
Published: 01/04/2024
-
Author: Kane
Farcaster Valued at Up to $1 Billion USD
The Paradigm investment fund is planning to invest in the Farcaster SocialFi platform with a valuation of up to $1 billion. Farcaster is a platform favored by Vitalik Buterin.
Azcnews Breaking
According to Bloomberg sources, Merkle Manufactory, a renowned developer with the decentralized social network Farcaster, is currently in the process of raising investment funds with a valuation of up to $1 billion.
Leading this fundraising round is Paradigm, one of the top cryptocurrency investment funds, which has previously invested in several successful crypto projects, including million-dollar unicorns.
Dan Romero, co-founder of Merkle Manufactory, confirmed the information about their SocialFi project fundraising in a post on Farcaster on March 29, without disclosing further specific details.
Merkle Manufactory was founded in 2020 by Romero and Varun Srinivasan, both former managers at the Coinbase exchange. The company currently has two main products: the decentralized social network Farcaster and Warpcast – a social media app with a interface similar to Twitter.
Previously, in July 2022, the company raised $30 million from the a16z Crypto fund.
Raise Farcaster
Raise
Introduction to Farcaster
Farcaster is a SocialFi protocol that provides decentralized social applications, where users control their own data and developers can build apps without requiring third-party permissions. This platform is also enthusiastically endorsed by Vitalik Buterin, the co-founder of Ethereum.
Related: Users Want Vitalik Buterin to Return to Twitter (X)
Anyone can post short text messages on the Farcaster network and connect to their Ethereum address. Verifying ownership of an ETH address will activate features such as displaying NFTs and using them as profile pictures for users.
According to the developers:
Farcaster is a decentralized social network where not only what you say is stored but also what you can prove on the blockchain. Anyone can build a client app to broadcast messages on the Farcaster network.
We have a guide that will show you how to build a simple app to read messages from any user. We are also building the first client app to make it easy for everyone to get started, currently in beta stage.
Read More
#farcaster
5.0/5
(3 votes)
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking
News | Blockchain | Editor Choice 01/04/2024
Vitalik Buterin Visits South Korea, Stirring Up the Cryptocurrency Community
Vitalik Buterin, the co-founder of Ethereum, was spotted in the tech city of Pangyo, South Korea, over the past weekend - a sighting that has greatly excited the cryptocurrency community in the country.
Azcnews (1)
News | Altcoin | Editor Choice 01/04/2024
Depleted Ethereum Supply Signals Imminent Price Surge
Only approximately 11% of ETH's entire supply remained accessible for active trading, indicating a reluctance among investors to divest their ETH holdings.
Azcnews Breaking
News | Altcoin | Bitcoin | Editor Choice 01/04/2024
Weekly Crypto (25/03 – 31/03): Bitcoin Rebounds, Sam Bankman-Fried Sentenced
The last week of March witnessed continued activity in the crypto market as usual. Bitcoin saw a recovery, while FTX founder Sam Bankman-Fried was sentenced.
Azcnews (1)
News | Bitcoin | Editor Choice 01/04/2024
LMAX CEO Foresees Bitcoin Trading in Six Figures
The CEO of LMAX Group shared his hope that in the future, bitcoin will trade at six-digit prices. He argues that by relying solely on supply and demand, and as bitcoin allocations of 3% - 5% of global wealth become widespread, we will see a significant increase in the price of bitcoin.
Azcnews Breaking
News | Altcoin | Editor Choice 31/03/2024
MEW – Another Memecoin on Solana Impresses Investors
Yet another memecoin on the Solana network has impressed investors as its Market Cap has surpassed 500 million in just a mere 5 days since its launch. This meme is called Cat in a Dogs World (MEW).
Top views
1
Short-Term Bitcoin Investors Have Reaped Profits
2
Guide to Participating in Eclipse Testnet
3
NIM Network Announces Airdrop of 90 Million Tokens
4
Standard Chartered Forecasts Bitcoin to Rise to $250,000
5
How to Participate in the Backpack Airdrop
6
Bitcoin Halving Chart History Analysis
7
What is ChatAI? Information about CHATAI Token?
8
Solana Earns the Title of Ethereum Slayer
9
The Resurgence of “RWA” Token Category
10
Square Enix Invests in Web3 Platform and NFT HyperPlay
About AZC.News
About Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coiner
