New: What is Farcaster, and why did a16z value it at 1 billion dollar?
#Farcaster is a decentralised social network that has seen significant growth recently, with currently around 80k daily active users. The network has strong ties with crypto and Ethereum. They got an investment of $150M recently by (among others) a16z.
I take a closer look at how Farcaster works, and why some crypto VCs think its worth a billion dollars.
Read at: https://fediversereport.com/what-is-farcaster-and-why-did-it-raise-150m-usd/
Fediverse Report /
npub1daf…783p
2024-05-29 16:03:48
Author Public Key
npub1daf0jwnmp53cgvw536lnh5e7qc4anqesecyldu73fm0e54kccyeskw783pPublished at
2024-05-29 16:03:48Event JSON
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"content": "New: What is Farcaster, and why did a16z value it at 1 billion dollar?\n\n#Farcaster is a decentralised social network that has seen significant growth recently, with currently around 80k daily active users. The network has strong ties with crypto and Ethereum. They got an investment of $150M recently by (among others) a16z. \n\nI take a closer look at how Farcaster works, and why some crypto VCs think its worth a billion dollars.\n\nRead at: https://fediversereport.com/what-is-farcaster-and-why-did-it-raise-150m-usd/",
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