Farcaster Raises Eyebrows and $150M With Just 80K Daily Users!
Farcaster, a blockchain-based social protocol, defies odds by securing $150 million in funding despite having a modest user base of 80,000 daily active users. Built on Ethereum, the platform is lauded for its hybrid design that mixes on-chain identity verification with off-chain content storage, offering a cost-effective solution. With landmark features such as 'Warpcast' and 'Frames', it challenges traditional social norms, promoting user ownership and developer innovation.
Jan 17